2912 EURNZD: some bear sign on Daily CHCART
Happy new year to all you guys!
EURNZD is a pair has a strong trendy. Once a trend is confirmed, it will last for quite a while.
On daily chart, it has a small reverse hammer outside upper line of BB.
On 4H chart, its a bear signal confirmed on the top.
And this bear signal on 4H chart can at least send it down to 1.69, technically.
Consider its trendy feature, it only make its first wave up to fibo 0.5 on daily chart, more up will happen after this 4h correction.
This is not a trading signal but analysis idea.
All idea need to goes with entry signal to confirm.
Also , you need to distribute your lots size according to your targets.
Less is more!
EURNZD is a pair has a strong trendy. Once a trend is confirmed, it will last for quite a while.
On daily chart, it has a small reverse hammer outside upper line of BB.
On 4H chart, its a bear signal confirmed on the top.
And this bear signal on 4H chart can at least send it down to 1.69, technically.
Consider its trendy feature, it only make its first wave up to fibo 0.5 on daily chart, more up will happen after this 4h correction.
This is not a trading signal but analysis idea.
All idea need to goes with entry signal to confirm.
Also , you need to distribute your lots size according to your targets.
Less is more!
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