EURNZD 2H
Possible entry into purchase, at level 1.66047 approx.
We are looking for the price to make the pullback from the break of the downtrend line, and look for a movement from the support to the highest resistance marked on the chart.
Currently the price increases respecting an uptrend line, which we can see in timeframes of 1h down.
The stochastic is at an overbought level, so it could indicate a downward movement, up to my marked level.
In the case of looking for an upward movement in my marked level, I would recommend closing partials at the first resistance of 1.66400 approx.
Possible entry into purchase, at level 1.66047 approx.
We are looking for the price to make the pullback from the break of the downtrend line, and look for a movement from the support to the highest resistance marked on the chart.
Currently the price increases respecting an uptrend line, which we can see in timeframes of 1h down.
The stochastic is at an overbought level, so it could indicate a downward movement, up to my marked level.
In the case of looking for an upward movement in my marked level, I would recommend closing partials at the first resistance of 1.66400 approx.