EURNZD sell setup

FX:EURNZD   Euro / New Zealand Dollar
7752 35 222
Hello Traders, I am a bit busy this week so I will try my best to post some setups as I see them,
Most of the pairs are in consolidation so only short term trade setups for now.
This pair is trending down in the daily consolidation so a sell on the break seems like a good idea. It might be the last impulse down on the 4hr before it turns up for another daily impulse.

Trade with care.
Thank you for your support.
Comment: No breakout as yet.
Training : add to skype mangal457
Hi anil, first of all thanks a lot for all your ideas, for me your are the best trader of this community. I just want to asked if it not be better to wait to sell this pair in a consolidation above the ascending triangle that I just post.
The ascending triangle still standing
what will next happen to eurnzd ? its way up
+1 Reply
fre3zzy saif1569
I think it will consolidate near the wedge before impulse down. Not sure tho. Still learning
thanks Anil !!!
This setup worked perfect for me, thank you as always!!!
we should wait the price to touch the trend line and sell ? sorry guys but i am new to trading
@Anil it looks like we have our break and consolidation sir.
If you trade live you should know how to confirm breakout because it will always pull back to structure then make another level low/high
+2 Reply
Anil, maybe I'm wrong but It look to me that, now is starting to make an expanding triangle, I don't think the correction has finished yet
+1 Reply
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