VasilyTrader

EURNZD: Trading Plan & Bearish Continuation

Short
FX:EURNZD   Euro / New Zealand Dollar

hey guys,

for many days EURNZD is testing a major falling trendline.
on 4H the price has formed a descending triangle formation with a sequence of lower highs and horizontal support.

it looks like selling volumes are accumulating for the next push to the downside.

wait for 4H candle close below 1.742 to catch the next bearish impulse.
trade on retest or aggressively with stop above the last lower high with the triangle.

initial target level - 1.73


✅Join My Telegram Channel: t.me/VasilyTrading

❗️YouTube Channel www.youtube.com/c/VasilyTrader

💰Instagram: www.instagram.com/VasilyTrader/ 💰

✅Facebook: www.facebook.com/VasilyTrading/
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.