EURNZD
We had an impulse to the downside, and price is correcting, which shows sign might go to the downside too. As for my expectations, I expect price to move up to the arrow I signified, after which I believe price may fall because of how corrective price is moving to that zone.
Note
Price is with the upper trendline again, we look for how price reacts before entry.
Trade active
Price is about to contact the trendline at the low and I see the descending channel structure which might indicate reversal, so I am cutting my trade here.
Trade closed: target reached
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.