Here on the daily chart of the EUR/NZD we can see that we bounced of a big resistance level and also formed a double top pattern. Because of the decreasing trendline we are looking for shorting options with a nice risk-to-reward ratio. with the 500 EMA (blue line) as our first take profit level
Happy trading!
Happy trading!
Commentaire:
At the moment price is consolidating on the 1H chart, between te levels of 1.71125 and 1.70905, we are waiting for a breakout to confirm the entry on the Daily chart