EURNZD Short Term Sell Idea
D1 - Triple cycle up, looks like a double wave correction is happening now. We may expect one more leg down towards 38%-50% fibo level.
H1 - Magnet zone at 1.6970 could be tested along with the D1 trend line but generally we are already at good level to look for sells.
Most recent trend line was already broken, we have multiple false breaks.
Break below 1.687903 gives us the conservative confirmation for the sells.
Invalidation – If the price moves higher, breaks and holds above the daily trend line, then this setup is invalidated.
H1 - Magnet zone at 1.6970 could be tested along with the D1 trend line but generally we are already at good level to look for sells.
Most recent trend line was already broken, we have multiple false breaks.
Break below 1.687903 gives us the conservative confirmation for the sells.
Invalidation – If the price moves higher, breaks and holds above the daily trend line, then this setup is invalidated.
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