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EURNZD - Short

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Euro / Dolar New Zealand (FX:EURNZD)  
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FX:EURNZD   Euro / Dolar New Zealand
Support and Resistance Fibonacci Trend Lines EURNZD structure-trade
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supportandresistance fibonacci trendline eurnzd structure-trade
EURNZD

We can see that this pair approached a big resistance area and is a good place to take a short trade. The RSI is also overbought and I put the SL 30 pips above the high of the wig and the risk:rewar ratio is just insane on this one, so I am very comfortable to take this trade now before waiting for confirmation. You can wait for a break of the channel that I drew just for confirmation to take the trade. If it breaks to the upside it can go as far as the 1.8000 level.

Have a nice trading day :)
Dagangan ditutup: hentian tercapai:
snapshot

Now I am looking for a pullback to go long in this pair
Penafian

Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.