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Euro / New Zealand Dollar

EURNZD SELL [technical analysis] - 15-MAY-2020

By chimmy94
Updated
NOW seems like the bulls have run out of gas. The bears are planning to push the prices lower, in two faces. Down from 1.8135 to 1.8061 where a consolidation will happen. We shall set a trailing stop at breakeven one our first TP level (1.8061) is hit. Then before the close of the markets, we could see the bears hit a home run (expecting one or two large candles) to 1.7880 or thereabouts.

RISK/REWARD RATIO: 9
Comment
TP1 was hit
Chart PatternsEURNZDeurnzdforecasteurnzdshortTrend Analysis

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