EURNZD Short Setup
The price hit the 50 percent retracement level for the overall bearish trend, and was rejected. We have a bearish setup confirmed if the price breaks back below the 200 days simple moving average and 1.6800 possible horizontal support. I will be shorting following the breakout.
Best
Techniain
Best
Techniain
Note
It seems that we are not getting the trade. The price didn't break below the 200 days SMA and rallied.
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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.