ridethepig | EURNZD Trade of the Week
📌 In spite of the overshoots to the downside, what we are trading here is a sacrifice... the 'sad tale of the last seller'.
I love it when sellers go overboard.
Threatening to breakdown, without realising the RBNZ has opened the August window for more free money and NZD devaluation via purchases.
The euro occupies the throne in G10 which the dollar has vacated.. We all have our eyes on unity on the fiscal side, and a change of scenery!
The euro continues its dance. The purpose of this move is to put into action the debt mutualisation / consolidation. But the move versus USD is becoming more difficult as risk approaches the horizon via Covid.
In any case... time for a nice late breakfast while positioning in a dangerous situation.
Thanks as usual for keeping the feedback coming 👍 or 👎
I love it when sellers go overboard.
Threatening to breakdown, without realising the RBNZ has opened the August window for more free money and NZD devaluation via purchases.
The euro occupies the throne in G10 which the dollar has vacated.. We all have our eyes on unity on the fiscal side, and a change of scenery!
The euro continues its dance. The purpose of this move is to put into action the debt mutualisation / consolidation. But the move versus USD is becoming more difficult as risk approaches the horizon via Covid.
In any case... time for a nice late breakfast while positioning in a dangerous situation.
Thanks as usual for keeping the feedback coming 👍 or 👎
Trade active
Note
This is looking very good...Trade closed: target reached
First targets cleared hereTrade closed: target reached
Final Targets 1.765x cleared ✅
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.