EURNZD - Hit Res Level 2, then dropped. - SELL
EURNZD broke out of its ascending support turned resistance line where we expect to see a drop further to its next support. As we can see, it has touched RES 2 and dropped back down towards RES 1. From here, I expect it to drop further down towards support level.
Attach a tight SL and large TP, giving a good RR.
Attach a tight SL and large TP, giving a good RR.
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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.