Potential to short EurNzd
-Break down of Head and Shoulder pattern on the Daily.
-Retest of the neckline and also retest of long term daily trend line.
-On the 4 hour we could see a potential double top forming with a potential spike up to recent 4 hour high's and 1.69000 area.
-Would need some deceleration before looking to take this trade to the downside.
-Break down of Head and Shoulder pattern on the Daily.
-Retest of the neckline and also retest of long term daily trend line.
-On the 4 hour we could see a potential double top forming with a potential spike up to recent 4 hour high's and 1.69000 area.
-Would need some deceleration before looking to take this trade to the downside.