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Mihai_Iacob
Apr 19, 2021 5:34 AM

EurNzd- Down continuation? Short

EUR/NZDOANDA

Description

After February's low around 1.6350, EurNzd recovered and reach, as I expected, 1.7 resistance.
A double top was formed here signaling that the correction is over
Now the pair is under the ascending trend line and we can speculate that the downtrend has resumed
I expect a new drop to 1.6350 support and only a break above resistance (1.7) would negate my scenario
Comments
Saif_R
nice setup, here is hat i am looking right now
Henry_Ross
Perfect analysis
Mihai_Iacob
@Henry_Ross, thanks
MarcellusLUX
Good analysis. Let's wait for the breakout
Mihai_Iacob
@SensibullTrading, thanks for comm
MMBTtrader
retest breakout and fall is expected after that

thanks for sharing
Mihai_Iacob
@MMBTtrader, yes, this is the idea
Helical_Trades
Great chart
Thanks for your efforts
financialflagship
Awesome chart, thank you! 👍
TRADiNG_hub
Quality Content 😍
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