weekendanalyst

EURNZD | Short H1 | Market Exe |

Short
FX:EURNZD   Euro / New Zealand Dollar
Technical Confluences for Trade:
- Stochastics are in Overbought Conditions on H4 time-frame
- Price action reversed away from Supply area
- Price action may reverse back towards Resistance Trendline and 61.8% Fibo Retracement

Suggested Trade:
Entry @ Area of Interest 1.8100 - 1.8110
SL @ 1.8156
TP 1 @ 1.8057 (Close Half-Position & move SL to Entry level once TP1 is achieved)
TP 2 @ 1.8009
Risk-to-Reward @ Approx. 2.03 (Depending on Entry Level)

________________________________

Boosts 🚀, Follows ✌️, Shares 🙌 & Comments ✍️ are much appreciated!

If you have any ideas or charts, do share them in the 'Comments' section below and we can discuss our perspectives to improve or strengthen our strategies.

If you want something analyzed, do drop me a DM. :D

________________________________

Disclaimer: The above suggestion is an personal opinion in general and does not constitute as investment advice. Any decisions taken based on the above suggestion is purely your own risks.

Any websites / brokers / applications suggested here are also provided as informational purpose only.

________________________________
Comment:
TP 1 achieved. Take profit on half the position & move the SL to Breakeven Levels.

Enjoy the remaining risk-free trade.

:D
Trade closed: target reached:
TP 2 achieved. Enjoy the gains!

Look forward to the next trade.:D

Please support my initiative by trading:
FX @ GoMarkets bit.ly/GoMarketsFX
Crypto @ HTX bit.ly/HTXExchange

Twitter Follow @ x.com/weekendanalyst
Twitter Community @ bit.ly/TweetAway

DM me to analyze any pair. :D
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.