EURNZD More Downside, Watch for Bearish Development

11 мар. 2022 г.

Hello traders:

EURNZD has managed to drop impulsively the last few weeks.

We can see from the top of the expanding structure, with a double top, ascending channel reversal, price indeed impulse down aggressively like my previous forecast.

Now that price has reach the bottom of the higher time frame structure, a sharped pullback/consolidation has formed.

This may be enough to continue the price down to the next lows, or
price may move up once more correctively to form a bigger bearish continuation correction, and then continue down after.

Be on the look out for both possible scenarios.

Thank you

P.S. I am taking a small break/vacation til next mid week :)

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