EURNZD Possible Weekly Shorting Opportunity

Short

Euro / Dollaro neozelandese (FX:EURNZD)

Aggiornato

FX:EURNZD Euro / Dollaro neozelandese

There has been a bearish shark harmonic pattern on the weekly chart since late November 2017 and price looks like it's going to retest that area soon which is going to be a possible shorting opportunity that could last from medium to long term. If the price is rejected from that area we know that it's still under the influence of that bearish harmonic shark pattern and we can thus expect a very bearish EURNZD. Additionally, it will have made a weekly double top pattern.

Commento:

Price is almost near the resistance area. We'll see if we can get a rejection on the daily or weekly chart.

Commento:

Double top on the H1 time frame, bearish crab on H4 time frame, nice rejection, this looks like it's going south.

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