Euro / New Zealand Dollar
Short

Flip support act as new resistance and 123 pattern

77
Hello Traders

Here is my view on EURNZD.

123 pattern formed as you can see on the chart. Price then rallied to old support acting as new resistance
and formed inside bar reversal pattern at the resistance zone. I'm expecting a rotation back into the value
and you can use this short term sell as opportunity to scalp the sell targeting the new support.

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.