EURNZD - SHORT 5:1 WIN VS RISK RATIO
Updated
Hello all
I am looking to short EURNZD on a 5 to 1 ratio. 2 entries 1 to the first level and the second down to the 5:1.
You can see it has broken out of it's upwards trend and on the 4 hour starting to print lower highs.
I will be trading this pair through the USD news on Wednesday night if it is in the positive. As I expect XXX USD to go up and USD XXX pairs to go down. In turn EURNZD / EURAUD pairs will go down.
Previous 4 hour candle was printed at resistance and that low has laready been broken.
It is also a 50% retrace of the last leg down and therefore extending out Fib levels - it could go to 1.6540 level.
Thanks for looking
Duncan
I am looking to short EURNZD on a 5 to 1 ratio. 2 entries 1 to the first level and the second down to the 5:1.
You can see it has broken out of it's upwards trend and on the 4 hour starting to print lower highs.
I will be trading this pair through the USD news on Wednesday night if it is in the positive. As I expect XXX USD to go up and USD XXX pairs to go down. In turn EURNZD / EURAUD pairs will go down.
Previous 4 hour candle was printed at resistance and that low has laready been broken.
It is also a 50% retrace of the last leg down and therefore extending out Fib levels - it could go to 1.6540 level.
Thanks for looking
Duncan
Trade closed: stop reached
Hello all, I think in hindsight i entered this trade too earlyI have re-entered and published another trade idea with it.
If this trade does not work out either, then i will be bullish EURNZD up to the 1.7350 area
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