Yesterday I posted an idea about EURNZD being about to breakout a Head and Shoulders pattern and now the price has reached the top of an ascending channel that could be a future bear flag but for now we look at it as an ascending channel.
I expect price to fall from the top of channel to the nearest support, which is about 200 pips move to the bearish side.
I expect price to fall from the top of channel to the nearest support, which is about 200 pips move to the bearish side.
Comment:
Lower TF perspective
Comment:
Ever heard of Niagara falls...? EURNZD seems to have; Sellers are joining forces aggressively. Yet we have to see how price will react to swing's 50% and 61.8% retracement levels
Trade closed: target reached:
Profits Taken! Was fun!
