EURNZT Short
A little late on this particular setup, although a wider SL could allow action on this over the coming days.
Bearish wedge on 4h & D timeframes, price is retreating down to at least the bottom range of the wedge. Would likely signal reversal of uptrend since Mid August. If so, lots of opportunity to get in and ride to 1.60 or so...
If not, may continue rise up to 1.69+
MA Ribbon, SAR, and DBB all indicate sell on 15 m timeframe.
Bearish wedge on 4h & D timeframes, price is retreating down to at least the bottom range of the wedge. Would likely signal reversal of uptrend since Mid August. If so, lots of opportunity to get in and ride to 1.60 or so...
If not, may continue rise up to 1.69+
MA Ribbon, SAR, and DBB all indicate sell on 15 m timeframe.
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