EURNZD ; From A daily chart i see a very strong implosive move down and now in a form or corrective nature . Overall Structure looking a reversal pattern to look for a bearish short position . Within the reversal pattern I see a another same pattern almost identical increasing the probability to drop down at a key level (Resistance level) . From previous market i can see this supply / resistance has been respected and could not break it therefore looking a strong short position . (150 pips plus profit target)
EURNZD ; From A daily chart i see a very strong implosive move down and now in a form or corrective nature . Overall Structure looking a reversal pattern to look for a bearish short position . Within the reversal pattern I see a another same pattern almost identical increasing the probability to drop down at a key level (Resistance level) . From previous market i can see this supply / resistance has been respected and could not break it therefore looking a strong short position . (150 pips plus profit target)