hello people, today I wanted to talk about EURNZD again. despite the harsh ups and downs I remain bearish on this pair and believe that real bears are setting trap all over the place.
seems to me that theres not enough money in their pocket or they cant find enough people who agree with them.
anyways ive been trying to find entries in 5 min chart to reach first buy zone but no matter how many times i tried I found out that the end target of 5min chart does not overlap with H1 target.
even now the price at best scenario represents a reward that reaches 1.79350 therefore even if you short now dont expect the price to reach any of the buy zones. unless we get break of 1.79050.
in any case I remain bearish and since SL for this trade is small I think Its safe to sell and put a SL above the last high in the H1 and let it run till it gets to 1.79350
seems to me that theres not enough money in their pocket or they cant find enough people who agree with them.
anyways ive been trying to find entries in 5 min chart to reach first buy zone but no matter how many times i tried I found out that the end target of 5min chart does not overlap with H1 target.
even now the price at best scenario represents a reward that reaches 1.79350 therefore even if you short now dont expect the price to reach any of the buy zones. unless we get break of 1.79050.
in any case I remain bearish and since SL for this trade is small I think Its safe to sell and put a SL above the last high in the H1 and let it run till it gets to 1.79350
Trade closed: stop reached