Hope you all are enjoying me ideas and analysis. Now i am here to discuss about OANDA:EURNZD
OANDA:EURNZD Located in a descending channel ( DOUBLE TOP )....more downside....
NOTE:: Most likely, it will fall to the 61% Fibonacci support level
Trade Idea: - Watch for bearish price action at the 38-50 fibonacci level and take OANDA:EURNZD down. - Stoploss above the rejected price - For take profit, once price moves down, use a descending trendline to manage your trade and exit when price breaks that.
After that it will follow again downtrend. Keep in touch we will update further soon.
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