EURNZD H4 double top, MACD divergence
Looking at this trade setup for the week, have a double top and divergence on the MACD indicator. EUR has been losing strength recently, while NZD is gaining in strength, which makes sense to pair these two up together this week. I always give my stop loss a little room to breathe, so I will be placing my stops at the 1.55 key level. Once price drops down to 1.51, I will move my position to break even, giving me a "free trade" on this pair. I will set my take profit at 1.48, which is when I will exit the position completely and wait for another setup to form. As always, plan your trades and trade YOUR plan!
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