EURNZD - Short from a monthly swing perspective

FX:EURNZD   Euro / New Zealand Dollar
EURNZD - We are bearish on both currency pairs so this isn't a trade setup we would usually be looking for, however this is setting up nicely for a monthly swing down to the 1.70500 zone which would give us a decent 450 pip trade.

We will slowly build a position on this pair with entries around 1.74600 depending on bearish price action in this zone, and a 60 pip stop loss. First target will be at 120 pips and we will look to add positions down to the 1.70500 region if we get decent entries.

  • Sell: 1.74600
  • Stop Loss: 1.75200
  • First Target: 1.73400

Trade safe!

Cheers, Paul.


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