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VladimirRibakov

EURNZD Sell Idea

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Euro / Dollar New Zealand (OANDA:EURNZD)  
VladimirRibakov  
OANDA:EURNZD   Euro / Dollar New Zealand
Trend Analysis Chart Patterns Wave Analysis EURNZD SELL Bearish Patterns Bearish Flag bearishdivergence Parallel Channel
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trendanalysis chartpattern waveanalysis eurnzd sell bearish bearishflag bearishdivergence parallelchannel
H4 - Price broke below the bottom of the channel, currently it looks like a retrace is happening, bearish flag pattern.

H1 - Bearish divergence, if the price moves lower and breaks below the bottom of the bearish flag pattern we may then look for more bearish evidences in order to join the bears.

If you want to be more conservative then wait for the price to break below the bottom of the H4 channel again. You may then look for more bearish evidences in order to join the bears.
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