EURNZD.
The pair is in a corrective phase for a long time, and what else can we expect from the fourth wave!
The correction is expected to end at the fourth sub-wave of the bigger wave 3 or the 100% of the wave A correction. The marked area is a safe zone to add shorts to the pair with a very decent risk:reward.
It may be too soon to short the pair. The best idea would be to wait and watch the price action for now.
The pair is in a corrective phase for a long time, and what else can we expect from the fourth wave!
The correction is expected to end at the fourth sub-wave of the bigger wave 3 or the 100% of the wave A correction. The marked area is a safe zone to add shorts to the pair with a very decent risk:reward.
It may be too soon to short the pair. The best idea would be to wait and watch the price action for now.