plancton0618
Short

EUR/NZD continue in a descending Channel 🦐

FOREXCOM:EURNZD   Euro / New Zealand Dollar
The market since the end of the uptrend rally in March started a descending phase inside a channel.
Being unable to break the resistance zone around 1.82 level is now testing the support level around 1.7850.

If the market will manage to break and close the day below the support structure, we could look for a short position according to our strategy with a possible target at the continuation of the lower channel's trend line .

Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of Plancton0618 strategy will trigger.



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Comments

I will be folowing eurnzd with this view at the moment
Reply
Nibiru7 transparent-fx
@transparent-fx, Hello! Now the price creates a triple bottom, What do you think?
Reply
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