EURNZD has successfully formed a cup & handle pattern and has broken through its neckline on the 4-hour time frame.
This violation confirms a Change of Character (CHoCH) and suggests a potential bearish reversal in the near term.
The price is expected to decrease and potentially reach the support level at 1.7807.
This violation confirms a Change of Character (CHoCH) and suggests a potential bearish reversal in the near term.
The price is expected to decrease and potentially reach the support level at 1.7807.
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Join our Telegram channel for daily market update 👇👇
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For paid signal👇👇 t.me/linofx1999
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.