EURNZD on the weekly TF we are in a downtrend market has broke below support and made a nice correction to retest it as resistance, now i am expecting the continuation to the downside to form a lower low. On the daily we have a nice W formation, which we expect to complete at the neckline. giving us more confluence to short.. we will be waiting on lower TF for market structure to flip back bearish then we can look for a valid entry to short.
Trade closed: target reached
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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.