hey guys,
very interesting situation on EURNZD!
the market is testing a major trendline and the market gives us two potential trading opportunities!
short:
my bias on this pair is bearish due to the sequence of the lower highs and I expect to see a bearish breakout of trendline.
pay attention to a decision range on 1H and sell in case of a bearish breakout with initial target 1.821
long:
just in case of a bullish violation of a range on 1H we can buy, but profits most likely will be limited!
t1 will be 1.87/ t2 - 1.884
lets see how it gonna unfold!
good luck!
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