EURNZD daily on the left, a major reversal zone in the market has now been tapped off.
On the right, 4H, we can see MACD divergence (the setting for this MACD is different than default, its 3, 10, close, 16), MA 8 and MA 18 about to cross over as well.
In general I believe we can start to finally see the decline for EURNZD.
You can wait for the break and retest of the first trendline drawn for a safer entry.
Overall bearish.
@PipsOfPersia
t.me/pipsofpersia
1. This profile is for educational purposes ONLY!
2. The setups given are my own perspective of the forex market and by no means require action!
3. Trading involves risk, past profits do not guarantee future results, so never risk what you are not willing to lose!
On the right, 4H, we can see MACD divergence (the setting for this MACD is different than default, its 3, 10, close, 16), MA 8 and MA 18 about to cross over as well.
In general I believe we can start to finally see the decline for EURNZD.
You can wait for the break and retest of the first trendline drawn for a safer entry.
Overall bearish.
@PipsOfPersia
t.me/pipsofpersia
1. This profile is for educational purposes ONLY!
2. The setups given are my own perspective of the forex market and by no means require action!
3. Trading involves risk, past profits do not guarantee future results, so never risk what you are not willing to lose!