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Euro / New Zealand Dollar
Short

EURNZD Short Trade Setup

By charles-okoukoni
Updated
A bearish opportunity recently presented itself on the euro-kiwi trading chart. This follows from the bearish harami candlestick pattern which printed just below the 1.66000 psychological level. A stop loss above the same psychological level and a profit target anywhere between your entry and the swing low of 1.58860 could give you a reward-to-risk ratio as high as 3. Be sure to size your position based on your trading account balance and apply other risk management measures before placing trades.


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EURNZD
Trade closed: stop reached
Unfortunately, this also hit the stop.
Bearish PatternsbearishsetupChart PatternsEURNZDeurnzdanalysiseurnzdforecasteurnzdselleurnzdshorteurnzdshortsetupeurokiwiTechnical IndicatorsTrend Analysis
charles-okoukoni

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