A potential short trade set up on EurNzd.
Price has been sold of since reaching monthly resistance. Price action has retraced and pulled back into some key fib zones both on the weekly and daily time frame. We also have a key support now turned resistance area at 1.7125. I believe price to still have some downside momentum and can see this pair heading towards the 1.6400 area.
Price has been sold of since reaching monthly resistance. Price action has retraced and pulled back into some key fib zones both on the weekly and daily time frame. We also have a key support now turned resistance area at 1.7125. I believe price to still have some downside momentum and can see this pair heading towards the 1.6400 area.