A short opportunity might be coming the next days at
EURNZD
. Signs for a good opportunity are, that the D point of the formation is right in a strong S&R zone. The potential target 1 is above and target 2 is right in lower S&R zones. Also the price action showed some very steep bullish moves the last days and RSI in H12 is already 74 which indicates the price is ready for bearish correction. Potential targets give a RR of 1:2 and 1:3.5.
Look for price reversal signals in entry zone at point D.
EURNZD
. Signs for a good opportunity are, that the D point of the formation is right in a strong S&R zone. The potential target 1 is above and target 2 is right in lower S&R zones. Also the price action showed some very steep bullish moves the last days and RSI in H12 is already 74 which indicates the price is ready for bearish correction. Potential targets give a RR of 1:2 and 1:3.5. Look for price reversal signals in entry zone at point D.