Eur/Nzd is currently in a downtrend channel. My prediction is that if it drops below the day timeframe support and a candle closes I will sell at 1.64452. As it continues making lower lows and hits the 4 hour support line I will take profit at 1.63338 with a 109.9 pip profit. OR if it reverses and bounce off the 4 hour resistance line I will wait for re-entry off a higher low.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.