This pair is in an uptrend, so this trade is a counter trend. However there are some good reasons to take it.
1) There is a nice harmonic pattern in place.
2) All RSI are overbought
3) There is a nice divergence
4) The high of last week is also present.
We are already short on EURAUD. Similar setup for EURNZD.
Good luck!
1) There is a nice harmonic pattern in place.
2) All RSI are overbought
3) There is a nice divergence
4) The high of last week is also present.
We are already short on EURAUD. Similar setup for EURNZD.
Good luck!