EUR/NZD
I see the formation of a rising cradle where the price is at the top of it, this type of pattern usually ends with a fall.
The minor timeframes show an oversold level the same as in 4h, which makes me think of a price drop from this point.
Although the ideal would be to seek to enter the retest after the breakout, this is my idea for a short position for risk
Remember to manage good risk management
The minor timeframes show an oversold level the same as in 4h, which makes me think of a price drop from this point.
Although the ideal would be to seek to enter the retest after the breakout, this is my idea for a short position for risk
Remember to manage good risk management
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