EURNZD continuation

Bearish: Currently we are @ 1.7463. We have convergence to the downside on the 60-minute chart. We are looking to continue to the ATR target @ 0.6426 area and then later a continuation to the S6 @ 1.7043 to complete the 5th wave. We expect a bounce there. The average true range (ATR) for the pair currently is 198 pips per day.

Posted to Introduction to Forex Targe… on Jun 16, 2020 — 8:06 AM
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Great weekly analysis, very useful and educational.
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