EURNZD 4h Analysis
H&S pattern established at the peak of the uptrend (we may also consider it a distribution phase)
50% correction
LHs & LLs
Aggressive impulse downward, forming a LL at the 1.710 psychological zone
50 SMA has now become a dynamic resistance
50% correction
LHs & LLs
Aggressive impulse downward, forming a LL at the 1.710 psychological zone
50 SMA has now become a dynamic resistance
Note
Full EURNZD analysis:
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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.