Guys in trading to get that bigger picture you have to see the monthly candle closer, and if you can see the monthly closer on EURNZD you can see that is a 3 pin bar ( Evening Star potential further upside for the coming month)
If we see Weekly we can see that we have a rejection from 1.7605 ( Daily multiple rejection).
If we see Daily we have a morning star confirmation, so what next?
My bias for the upcoming week for EURNZD is bearish. Why entry 1.7486? because the TL was broken and you can see that
it's a possible Head and Shoulder 4h , so wait to retest that TL and also to hit 50% FIB.
First target: 1.7321(crucial level for the pair).
Second target: 1.7219
If we see Weekly we can see that we have a rejection from 1.7605 ( Daily multiple rejection).
If we see Daily we have a morning star confirmation, so what next?
My bias for the upcoming week for EURNZD is bearish. Why entry 1.7486? because the TL was broken and you can see that
it's a possible Head and Shoulder 4h , so wait to retest that TL and also to hit 50% FIB.
First target: 1.7321(crucial level for the pair).
Second target: 1.7219