Going oversold. Price pressing to prior bottom support zone. Watch small caps, leading indicator for pivots.
May be ending uptrend but a strong bounce could occur over holidays, wiping out shorts... would not chase this!
Friday Triple Witching was a Bear Trap; don't get caught twice!! Just GTFO if you are not damned sure!!!
Watch indicators, a buy signal may...
Evening Traders,
Today’s analysis – EURNZD- trading at oversold conditions approaching long liquidity, a bounce here is probable.
Points to consider,
- Bearish Price Action
- Untapped Long Liquidity
- Local S/R Resistance (.50 Fibonacci Confluence)
- RSI Oversold
EURNZD’s immediate price action is bearish under local S/R, this allows us to have a bearish...
