Short

EURNZD More Downside, Watch for Bearish Development

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Hello traders:

EURNZD has managed to drop impulsively the last few weeks.

We can see from the top of the expanding structure, with a double top, ascending channel reversal, price indeed impulse down aggressively like my previous forecast.

EURNZD Top Of Structure, Watch For Bearish Sell

Now that price has reach the bottom of the higher time frame structure, a sharped pullback/consolidation has formed.

This may be enough to continue the price down to the next lows, or
price may move up once more correctively to form a bigger bearish continuation correction, and then continue down after.

Be on the look out for both possible scenarios.

Thank you

P.S. I am taking a small break/vacation til next mid week :)

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jojofang0901

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