Roker1
Short

Breakout trade on EURNZD

FX:EURNZD   Euro / New Zealand Dollar
Hi guys,
this time i choose to use this layout so that you can better undestand the thought process behind this opportunity. As you can see on the left ( daily chart ) in the past weeks price has been consolidating between 1,520 and 1,545. However, last thursday, price has broken to the downside with a big bearish candle followed by another candle closing below it.
Therefore, now i'm waiting to see some weaknesses so that i can short at this level that is what previously was support and now could turn into resistance.
I'll keep you updated.
The potential to the downside is very big.

If you want to share your view, or simply ask questions, feel free to comment below.
Otherwise, see you in the next chart!
Comment: No entry yet. Price seems going back to the consolidation channel. Let's wait.
Se sei d'accordo, lascia un mi piace! Grazie
Canale Italiano: https://www.youtube.com/c/MisterForexIT
Ultimo video: https://youtu.be/0rIFF-j4kdM

If you agree, like this chart! Thanks
My last (english) videoanalysis here: https://youtu.be/RUySg8LW6Iw
Like this layout. Please do more like this
+1 Reply
Roker1 joadri1
@joadri1, thanks! I'll try!
Reply
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