EURNZD > Breakout to The Downside Is Possible!? Watch for Sell
Analysis of #EURNZD
The EURNZD failed to break to a new high as you see on the chart and now spending too much time at its trend line support which to me indicates no desire from traders to buy the support which could lead to EURNZD giving up support and breaking to the downside.
if indeed the market breaks and closes below structure support I will take this opportunity to look for sell if the market makes a retracement to its trend line or previous swing, depending on the price action
________________________________________
💭 | Comment your thoughts below, I always answer.
📥 | Feel free to message me if you have any questions.
Thanks for your continued support!
The EURNZD failed to break to a new high as you see on the chart and now spending too much time at its trend line support which to me indicates no desire from traders to buy the support which could lead to EURNZD giving up support and breaking to the downside.
if indeed the market breaks and closes below structure support I will take this opportunity to look for sell if the market makes a retracement to its trend line or previous swing, depending on the price action
________________________________________
💭 | Comment your thoughts below, I always answer.
📥 | Feel free to message me if you have any questions.
Thanks for your continued support!
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