12.11.2021
The overall trend is downward. The ascending patterns H8, H2 and H1 are truncated. A bearish divergence has formed on the Awesome Oscillator, while the Stochastic Oscillator signals overbought conditions. The inclined channel of the ascending pattern of the H2 level is broken by the downward movement.
EUR/NZD rate online: monitor the price movement in real time.
Trading idea:
Sell when a descending wave pattern is formed.
Stop Loss: above the resistance level of 1.6353.
Target levels: 1.6180; 1.6095.
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