EUR/NZD Trading Analysis (10/07/2023)

The entry point at the pullback B is forming. The ascending wave structure is truncated. There is bearish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals the overbought state.
 

Trading idea:

Sell at the formation of the descending wave structure, where the A wave breaches the sloping channel of the ascending truncated structure.

Stop-Loss over the local minimum of the ascending structure.

Target price levels: 1.7580, 1.7500.


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