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jojofang0901

EURNZD Bearish Continuation Price Development

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Euro / New Zealand Dollar (OANDA:EURNZD)  
jojofang0901 Updated   
OANDA:EURNZD   Euro / New Zealand Dollar
Chart Patterns Parallel Channel Flag priceaction structure pattern impulse correction Wedge
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chartpattern parallelchannel flagpattern priceaction structure pattern impulse correction wedgepattern

Hello traders:

Similar like EURAUD, we can see some good bearish confluence on EURNZD as well.

After the higher time frame impulse move down, we see a correctional phase of the price.
Once the consolidation finishes, we then see another impulse phase down, breaking previous lows.

These are good development to indicate further downside is possible.

Latest development give us a lower time frame correction, and price is at the bottom, ready for another push down.

Look for LTF bearish correction for possible entries down.

Thank you
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jojofang0901
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