Get started
FXEntries

Potential Trend Reversal? EUR/NZD Double Top 4HR Trendline Break

Short
Euro / New Zealand Dollar (OANDA:EURNZD)  
FXEntries  
OANDA:EURNZD   Euro / New Zealand Dollar
Trend Analysis Harmonic Patterns Chart Patterns EURNZD eurnzdshort shortsetup Double Top Technical Analysis Bearish Patterns
0
0
trendanalysis harmonicpatterns chartpattern eurnzd eurnzdshort shortsetup doubletop technicalanalysis bearish
We have seen some good upside on the EUR/NZD for a little while now which has lead to some resistance at a key area of Monthly Support. We can see the bulls tried to rally twice but failed created a nice double top reversal pattern. We can also see the trendline has just been broken and EMA are about to cross to the downside. For me to take an entry I would like to see a retest of the EMA once they cross and some rejection on the 1HR and confirmed on the 2HR. Please be patient with your trading and monitor your entries with precision and accuracy.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.