Potential shorting opportunities on EURNZD
Hi traders,
As you can see EURNZD pair recently enjoyed a good rally mainly due to weakness of NZD. Now that the price has reached to a Resistance level where this pair has reacted on a number of occasion. Similar level has worked as a support as well. I will be looking for a bearing engulfing candle to go short on this. First tp will around that marked support zone and managed afterwards.
Let me know your thoughts! Trade safe and good luck.
As you can see EURNZD pair recently enjoyed a good rally mainly due to weakness of NZD. Now that the price has reached to a Resistance level where this pair has reacted on a number of occasion. Similar level has worked as a support as well. I will be looking for a bearing engulfing candle to go short on this. First tp will around that marked support zone and managed afterwards.
Let me know your thoughts! Trade safe and good luck.
Trade active
Note
Entered at 1.66900Trade closed: stop reached
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.
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.