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EURNZD is sitting around a strong resistance in blue so we will be looking for sell setups.
on H4: EURNZD is forming a channel in red but the lower trendline is not valid yet, so we will be waiting for a third swing to form around it to consider it our trigger swing. (projection in purple)
Trigger => Waiting for that third swing to form then sell after a momentum candle close below the gray neckline.
Meanwhile, until the sell is activated, EURNZD would be overall bullish can still trade higher inside the blue resistance.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
EURNZD is sitting around a strong resistance in blue so we will be looking for sell setups.
on H4: EURNZD is forming a channel in red but the lower trendline is not valid yet, so we will be waiting for a third swing to form around it to consider it our trigger swing. (projection in purple)
Trigger => Waiting for that third swing to form then sell after a momentum candle close below the gray neckline.
Meanwhile, until the sell is activated, EURNZD would be overall bullish can still trade higher inside the blue resistance.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
This analysis is done using RichTL
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www.RichTL.com
My Telegram Channel
www.t.me/thesignalyst
Best CFD broker
cutt.ly/TickmillReal