Euro / New Zealand Dollar
Short
Updated

EURNZD - Rising Wedge meets Supply Zone

51
We're approaching Supply Zone now along with recent crossing of SlowEMA makes this prime for a drop.

If EMA holds,
Expect further to the upside (1.78160 range)
Trade active
Moved SL from 1.77610 (-43.4 pips) to 1.77676 (-50 pips)

To give the position a bit more breathing room.
Note
OLD SL Position
snapshot

NEW SL Position
snapshot
Trade closed: stop reached
Will stay on the sidelines and look for re-entry opportunities for a short.

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.