I see two opportunities developping on high timeframes:
- EURNZD Weekly: There is no clear trend, but we see a HD pattern with almost a double top. Switching to the Daily chart, price has crossed a trendline to the downside and we just got an engulfing candle. I will wait till MACD crosses the zero line (if it ever happens) to start a trading zone and then switch to the 2HR chart for entries in a cost averaging approach.
- EURCAD Daily: Here again, price seems to be going sideways, but there is a HD pattern. On the 4HR chart, I will wait for price to cross the trendline to the downside. If MACD crosses its zero line, it will start a trading zone and I will look for entries on the 30min chart.
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