Get started
ForexKrisBerben

EUR/NZD Short

Short
Euro / New Zealand Dollar (FX:EURNZD)  
ForexKrisBerben Updated   
FX:EURNZD   Euro / New Zealand Dollar
Trend Analysis Support and Resistance Trend Lines EURNZD profit
0
0
trendanalysis supportandresistance trendline eurnzd profit
Here on the daily chart of the EUR/NZD we can see that we bounced of a big resistance level and also formed a double top pattern. Because of the decreasing trendline we are looking for shorting options with a nice risk-to-reward ratio. with the 500 EMA (blue line) as our first take profit level

Happy trading!
Comment:
At the moment price is consolidating on the 1H chart, between te levels of 1.71125 and 1.70905, we are waiting for a breakout to confirm the entry on the Daily chart
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.