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jojofang0901
Oct 7, 2020 6:36 PM

EURNZD Look for this second sell opportunity Short

OANDA:EURNZD240
EUR/NZDOANDA

Description

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Hello traders:

EURNZD once again shaping up for another sell setup from the top.

We see previous price action had the bearish move down, but failed to continue to the recent lows area.

This is a indication that the correction of the HTF is yet to finished, and price is again at the top of the the overall structure.

Same approach as my previous analysis, I would wait to see if price will form some sort of reversal action, and go down to LTF to look for entries.

Thank you

Comment

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Watch price action to form deeper correction and break the previous low before getting into another sell.
Chart PatternsDouble Top or BottomFlagpriceactionstructurepatternWedge
Comments
VasilyTrader
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Solid view, buddy!
What do you think about my analysis?
jojofang0901
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@VasilyPonomarev, Certainly a possibility :) Personally for me is looking for the bearish move down and confirmation correction on the LTF before entering a sell. IF price doesn't give me that, then no trade for me, and like your analysis we can see further up moves. thank you.
KlejdiCuni
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Nice setup!
jojofang0901
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@KlejdiCuni, thx bud!
PolarHusk
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Waiting for sell confirmation. Thanks for sharing your idea 🐻‍❄️😃
jojofang0901
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@PolarHusk, thank you, you as well on your analysis. :)
CriptoJoe
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This is a bullish and interesting idea, let's see what happens in this next days
jojofang0901
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@johanam31415, Yes price may continue upwards like your analysis, I am just looking for reversal price action and LTF impulses to confirm my trade, if it doesnt happen then no trade for me. thank you :)
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