It looks like there will be a down move in EURNZD if it touches the resistance. On 1 hr chart it formed shark pattern.
EURNZD has been descending inside a channel and has now given us a double top in a key zone. The MACD is giving us confirmation with hidden divergence signalling a continuation followed by double top exaggerated divergence. I would love to see a retest with price action confirmation to enter the trade.no retest no trade. Take profits are set to fib extension levels.
This research is for informational purposes and should not be construed as personal advice. Trading any financial market involves risk. Trading on leverage involves risk of losses greater than deposits. Please comment below and Like if you agree with my analysis.
This research is for informational purposes and should not be construed as personal advice. Trading any financial market involves risk. Trading on leverage involves risk of losses greater than deposits. Please comment below and Like if you agree with my analysis.