Greetings Fellow Traders,
Just wanted to provided another great trade opportunity on the verge of giving us a great entry. EURNZD has been consolidating for several weeks now...that consolidation has taken shape in a nice channel...in the middle of a steep decline. Structurally this has a Bearish Flag written all over it. Weekly Candle approaching the...
i see price at bottom range of consolidation range and an oversold RSI at 1h, 2h and 4h charts.
TP1 goes at top of the range, TP2 at 1.618 extension.
Stops below the last low and below a previous TL.
Current Sentiment: Bearish
Pending Technical Score (PTS)
Direction with trend: +2
SnR Confluence: +2
Trendline Confluence: 0
141 Harmonic Confluence: +2
Total: 6/8
Place pending order.
I would love to hear your opinion, feel free to comment, agree or disagree....
