EURNZD Bearish
Bias Bearish
Fundamental
EUR has been weaken datas and ECB expect to lower interest rate. NZD is likely to continue holding interest rate and NZD having mixed data.
Price Action
Trend is bearish. Price retrace back to Daily resistance level. Price formed a triple top pattern. Price then rejected from the triple top pattern heading towards downside. breaking the H4 support level. Bearish Moment is expected to continue
Setup
Short setup at broken H4 support level.
TP Next Support level. R:R 1:3 Trend following.
SL above Triple top high +1ATR
Fundamental
EUR has been weaken datas and ECB expect to lower interest rate. NZD is likely to continue holding interest rate and NZD having mixed data.
Price Action
Trend is bearish. Price retrace back to Daily resistance level. Price formed a triple top pattern. Price then rejected from the triple top pattern heading towards downside. breaking the H4 support level. Bearish Moment is expected to continue
Setup
Short setup at broken H4 support level.
TP Next Support level. R:R 1:3 Trend following.
SL above Triple top high +1ATR
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.