We are looking for a correction before continuing our sells on EURNZD. A correction on the 1 hour or higher should see up with more downside. Potential is high for the sell as it may break the previous low. This is a great trading opportunity. We will follow this setup throughout the week.
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Look at what price does at this trendline. We are seeing a small loss in momentum on the lower timeframe. Wait for bullish evidence before pattern has been completed.
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We want to see a correction before entering for a buy