On the EURNZD I'm looking to enter short as soon as the market opens. What do we see on this chart?
The red trendline got broken, so we can expect a bearish move.
It took price 4 days and 8 hours to drop 1.83% (and break the trendline) and 5 days and 12 hours just to go up 1.03%, indicating that the bears are in control.
Nice! I am in since 1,51 with two Positions and save! Thx for the idea.
TraderSC
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Looking at the daily trend is overall bearish. On the 240, 200 SMA is close to 1.5, which has also been previous support, I would expect a pause here.
11021992
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@TraderSC, Thank you for your comment. Price might be stalling a bit, but I don't expect it to break the 1.52500 structure. So we should be good to go.