EURNZD Signal By Trading Twist
SELL Limit Order: 1.7922
SL: 1.7959
TP1: 1.7750
Mixed price action has resulted in an ending wedge formation being posted on the intraday chart. This morning’s move to the downside is assessed as a false breakout. The pattern has a measured move target of 1.7749. We will complete a Bat formation at 1.7760 (this level will be monitored). I have resistance located at 1.7922 at 1.7928.
Selling into rallies offers favorable risk/reward.
