EURNZD - Daily (Sell)

We've seen EurNzd break bullish structure after a lower low on the daily time frame. Market has retraced 61.8% and respected the level of resistance consistently. A look at smaller time frames, (4H & 1H), we see newly formed bearish structure. That being said, we have an excellent risk/reward ratio since we could be catching the move from a great position. See smaller timeframes for more precise entries.

Kommentar:

Wait for a pullback before re-entering this pair. #NoPullbackNoEntry