EURNZD SHORT
Updated
2/5/2020
The pair is in a correction in a major downtrend.
We can see the momentum of bulls is getting down in 4H.
I expect a double top in low timeframe and a breackdown to major support level around 1710.
But we can see a RSI divergence show up in 4H time frame as well, it may be a signal of breakout of the sturcture and going upper.
Just waiting for the comfirmation.
The pair is in a correction in a major downtrend.
We can see the momentum of bulls is getting down in 4H.
I expect a double top in low timeframe and a breackdown to major support level around 1710.
But we can see a RSI divergence show up in 4H time frame as well, it may be a signal of breakout of the sturcture and going upper.
Just waiting for the comfirmation.
Comment
The price is in a current support level 1.78445, you may want to close the trade with a great 300 pips profit or wait for it break to the bottom without risk. It's all up to you.
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