EUR/NZD - Possible rebound on a descending trendline
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Any and all commentary, research, analyses, or other information published by me on this website are provided as general market commentary, and do not constitute investment advice nor a solicitation and there are no guarantees associated with them. I am not liable for any loss or damage, including without limitation, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
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The EUR/NZD is approaching a descending trendline and it's possible rebound zone is overlapping the 50% fibonacci level of the previous swing and a 4H resistance zone.
So I'm expecting a reversal pattern in that zone and enter short only after confirmation.
Any and all commentary, research, analyses, or other information published by me on this website are provided as general market commentary, and do not constitute investment advice nor a solicitation and there are no guarantees associated with them. I am not liable for any loss or damage, including without limitation, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
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The EUR/NZD is approaching a descending trendline and it's possible rebound zone is overlapping the 50% fibonacci level of the previous swing and a 4H resistance zone.
So I'm expecting a reversal pattern in that zone and enter short only after confirmation.