Eur Nzd lost momentum going up. Buyers are taking Profit and sellers are coming in strongly.
Market already creating a broadening wedge.
enter on the retest of the short time frame supply area.
Take profit on the demand Zone
Market is moving bearish 4H/1H.(Daily too)
1:Bearish structure:(Short order).Market making LL/LH.
2:Market might retest levels of 1.88229 or 1.88880, then back to 1.85912.
3:Market below the 200 MA.
4:Market will likely retest golden fibs levels.
5:Look for bearish structure on lower time frames for your entry, or what ever is your entry criteria.
6:Do look out...
Hello Traders,
In spite of yesterday drop, candles setting-up the path for drop-down Impulse. In an hourly time-frame, impulse correction gathers potential to strive in the bear arena by forming sideway marks. Reversing impulse may target 0.98782 to take a stop-technically. Alternatively, if the reversing limit extends-small traders risk till 0.99642. Longtime...
