hey guys,
EURNZD is trading on a key daily level.
though it broke and closed above that, it looks like the breakout was false.
on hourly time frame, the price is locally bearish.
it is currently coiling within a descending triangle formation
I am waiting for a bearish breakout of its support (1h candle close below) to short.
target levels:
1.7733
1.768
if the market goes above 618 retracement of the last bull impulse, setup will be invalid
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✅Join My Telegram Channel: t.me/VasilyTrading
❗️YouTube Channel youtube.com/c/VasilyTrader
✅ Facebook: facebook.com/VasilyTrading/
⭐ My Forex & Gold Broker: bit.ly/vasilyforexbroker ⭐
❗️YouTube Channel youtube.com/c/VasilyTrader
✅ Facebook: facebook.com/VasilyTrading/
⭐ My Forex & Gold Broker: bit.ly/vasilyforexbroker ⭐
Related publications
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.