POTENTIAL SHORT TRADE SET UP FOR EURNZD

Analysis: Utilizing chart patterns, highs & lows, and impulses & corrections, the focus is on identifying a continuation corrective structure following a breakout.


The price has reached the upper bound of an ascending structure on the higher time frame (HTF) with an ascending structure on the Mid time frame (MTF). We will now monitor for a bearish impulse and continuation structure to identify a potential entry point for the trade.

Expectation: A downward move is expected, initially targeting the base of the MTF ascending structure and subsequently the lower bound of the HTF ascending structure.

⚠️ Reminder: Always conduct your own analysis and apply proper risk management, as forex trading involves no guarantees. This is a high-risk activity, and past performance is not indicative of future results. Trade responsibly!