Eurnzdshortsetup
EURNZD 1.769640 +0.94% DAILY BRAKDOWN FOR THE WEEKHELLO EVERYONE
HOPE EVERYONE IS DOING GOOD HAVING A GREAT WEEKEND.
HERE'S A LOOK AT POSSIBLE SCENARIOS THAT COULD PLAY OUT ON THE EURO/ NZD IN THE COMING WEEK.
EUR/NZD CLOSED LAST WEEK WITH SOME STRONG MOMENTUM TOWARDS THE UPSIDE SIGNALLING.
* We have break of structure to the upside.
* Weekly OB to be mitigated.
* Looking for some correction towards the downside for my bias to be bearish towards the FVG Before continuation.
- The pair could just continue bullish this week.
- For the trade to be active i need a Tap into the bullish OB
* If we break below and close under the OB trade is invalidated just as if we continue on a bullish rally
- TARGET would be the WEEKLY OB.
lets see how it goes.
IF THIS IDEA ASSISTS IN ANY OR IF YOU LIKE THIS ONE
SMASH THAT LIKE BUTTON & LEAVE A COMMENT.
ALWAYS APPRECIATED
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* Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT.
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| * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - I TAKE MY TRADES ON A INTRA DAY SESSIONS BASIS THIS IS NOT FINACIAL ADVICE TO EXCECUTE ❤
LOVELY TRADING WEEK TO YOU!
EURNZD Short Trade SetupA 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.
I'm rooting for you!
Your FX Plug
FX:EURNZD
SHORT EUR/NZD looks interestingMy indicators are suggesting we could be in the process of a BIG move south on this pair - potentially over 1200 pips. We already moved down 2000 pips from the last high back in the middle of May and I believe we could go lower. Maybe big swings though so I've taken a smaller position to accommodate a larger stop. In at 1.8052 STOP at 1.8317 and TAKE PROFIT at 1.7314