EUR/NZD Trading Analysis (19/06/2023)

Bulls have tested the upper border of the downward price channel and the mirror level of 1.7631. The uptrend wave structure is truncated. The bear divergence is forming on the Awesome Oscillator.
 

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: 1.7631.

Target price levels: 1.7480, 1.7400.

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