ProjectSyndicate

eurnzd h1 short/hold tp +100 pips bears

Short
FX:EURNZD   Euro / New Zealand Dollar
🔸Hello traders, let's review the 1hour chart for EURNZD today. We are locked inside
trading range recently, currently trading near range highs, so risk/reward shifted
in bears favor, therefore recommend to focus on shorting rips/rallies.

🔸Trading range is defined by range highs at 7560 and range lows at 7440, premium
prices overhead at 7575 and 7600 and below at 7430 and 7400. Outlook remains
neutral as I expect price to trade locked in range to absorb recent losses in EURNZD.

🔸Recommended strategy for EURNZD traders: short sell at market / short sell rips/rallies
SL fixed at 7560 TP1 +50 pips TP2 +100 pips final exit at 7420. good luck traders.

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Comment:
eurusd h8 short rips/rallies tp 0750

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