EUR/NZD STRUCTURE SHORT|

18 de jun. de 2020

Hello friends!

Let's talk about the EURNZD pair.

So it is obvious from the chart that the pair is moving in a falling channel and has broken below the massive horizontal level.

It is therefore reasonable to go short, should EURNZD go back to retest the level. That retest would also be the falling channels resistance retest, which doubles the strength of the bearish sentiment.

T1 is a level of a minor diagonal support.
T2 is a massive diagonal support level.
SL is at a level, where the setup is to be considered invalid , should the price reach the level.

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