khansalarehsan
Short

A great opportunity for Shorting EURNZD

FX_IDC:EURNZD   Euro / New Zealand Dollar
EURNZD Short
Comment: NZD is ready for a major Flag and Channel breakout. This is NZD weighted average chart against the other 7 major currencies. Stronger NZD is good for our trade :)
Comment: EURO is showing exhaustion on the weekly chart. See RSI trending down unlike the price trending up

Cheaper EURO is what we are expecting for this trade
Comment: Lastly not to forget that EURNZD on weekly TF is forming a huge wedge. Since Nov we have been consolidating near the upper band of the wedge
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