Hi traders:
Keeping an eye on EURNZD short now. WE can see that daily chart has a nice rejection off key resistance area of 1.6200 forming a nice double tops on the daily chart. When we break down the 4 hr chart, a trendline has been broken, and formed a lower low. Waiting for a pullback to confirm the first lower high is a good entry down to 61.80%.
Thank you for your support and feedback.
Keeping an eye on EURNZD short now. WE can see that daily chart has a nice rejection off key resistance area of 1.6200 forming a nice double tops on the daily chart. When we break down the 4 hr chart, a trendline has been broken, and formed a lower low. Waiting for a pullback to confirm the first lower high is a good entry down to 61.80%.
Thank you for your support and feedback.
Comment:
Daily outlook:
Comment:
Good rejection on the 1 hr chart.
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