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EURNZD: Learn How to Short It Wisely 🇪🇺🇳🇿

Par VasilyTrader
Mis Ă  jour
snapshot

Hey traders,

Here is an update for my previous post on EURNZD.
Earlier the pair has violated a strong daily key level to the downside.

I was looking for the confirmation to short it
and finally, it looks like it is found.

The pair has found a local resistance on 4H and set equal highs,
forming a double top formation.

1.6675 is its neckline.
I am waiting for 4H candle close below that to short.

Goal will be 1.653

In case of a new higher high formation, the setup will be invalid.

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Note
Check my new analysis on NZDCAD:
NZDCAD: Range Trading 🇳🇿🇨🇦
Chart PatternsDouble Top or BottomForexTechnical AnalysistradingTrend Analysis
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