SamKent
Short

EUR/NZD DESCENDING TRIANGLE

FX:EURNZD   Euro / New Zealand Dollar
88 0 3
We're looking at this descending triangle on the EUR/NZD 1H chart as a good selling opportunity, backed by overbought stochastic readings, as well as an overall bearish market structure, with a preceding impulsive wave down prior to the descending triangle forming. Projection has targets at around 1.5600 level.
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