EURNZD SHORT
2/5/2020
The pair is in a correction in a major downtrend.
We can see the momentum of bulls is getting down in 4H.
I expect a double top in low timeframe and a breackdown to major support level around 1710.
But we can see a RSI divergence show up in 4H time frame as well, it may be a signal of breakout of the sturcture and going upper.
Just waiting for the comfirmation.
The pair is in a correction in a major downtrend.
We can see the momentum of bulls is getting down in 4H.
I expect a double top in low timeframe and a breackdown to major support level around 1710.
But we can see a RSI divergence show up in 4H time frame as well, it may be a signal of breakout of the sturcture and going upper.
Just waiting for the comfirmation.
Note
The price is in a current support level 1.78445, you may want to close the trade with a great 300 pips profit or wait for it break to the bottom without risk. It's all up to you.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.