EURNZD Short
We approached one of the key value area around 1.80200 - price tapped into it and rejected in both 1H and 4H TMF. After some rejection price started to develop a Head and shoulder structure, retesting the back end of the left shoulder and the previous low. It rejected that area 4 times on the 15m, which increased the likelihood of a strong resistance for bearish pressure.
Trade has a lot of room for short with the first real inflection point at 1.79200 and then a big gap till the bigger hold at 1.78200.
https://www.tradingview.com/x/K838Di9z/
Trade has a lot of room for short with the first real inflection point at 1.79200 and then a big gap till the bigger hold at 1.78200.
https://www.tradingview.com/x/K838Di9z/
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.