EURNZD Bulls Are Overstaying Their Welcome
EURNZD has been in a corrective since February and seems to be topping out now.
The correction unfolded as a double zigzag pattern and the third zigzag is visible on this H4 chart above.
Wave c of (z) of 4 also unfolded as an ending diagonal which is a reversal pattern.
If this count is correct, any further rally must stay below the invalidation level on the chart and the price should head lower in a five-wave sequence.
Higher degree chart:
s3.tradingview.com/snapshots/x/X0SAc3i8.png
What's your view on EURNZD? Let me know in the comment.
The correction unfolded as a double zigzag pattern and the third zigzag is visible on this H4 chart above.
Wave c of (z) of 4 also unfolded as an ending diagonal which is a reversal pattern.
If this count is correct, any further rally must stay below the invalidation level on the chart and the price should head lower in a five-wave sequence.
Higher degree chart:
s3.tradingview.com/snapshots/x/X0SAc3i8.png
What's your view on EURNZD? Let me know in the comment.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.