EURNZD Look for this second sell opportunity

7 oct. 2020

Hello traders:

EURNZD once again shaping up for another sell setup from the top.

We see previous price action had the bearish move down, but failed to continue to the recent lows area.

This is a indication that the correction of the HTF is yet to finished, and price is again at the top of the the overall structure.

Same approach as my previous analysis, I would wait to see if price will form some sort of reversal action, and go down to LTF to look for entries.

Thank you

15 oct. 2020

Note

Watch price action to form deeper correction and break the previous low before getting into another sell.