EUR/NZD DESCENDING TRIANGLE
We're looking at this descending triangle on the EUR/NZD 1H chart as a good selling opportunity, backed by overbought stochastic readings, as well as an overall bearish market structure, with a preceding impulsive wave down prior to the descending triangle forming. Projection has targets at around 1.5600 level.
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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.