This pair is in an uptrend, so this trade is a counter trend. However there are some good reasons to take it.
1) There is a nice harmonic pattern in place.
2) All RSI are overbought
3) There is a nice divergence
4) The high of last week is also present.
We are already short on EURAUD. Similar setup for EURNZD.
Good luck!
1) There is a nice harmonic pattern in place.
2) All RSI are overbought
3) There is a nice divergence
4) The high of last week is also present.
We are already short on EURAUD. Similar setup for EURNZD.
Good luck!
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.