EURNZD SHORTS!
The price action is reaching the top of the downtrend channel. NZD seems overly extended to the downside over dovish reports. Additionally, this entire move seems to be a corrective wave structure, downside is still of higher probability. Would enter in a short position here.
TP 1: 1.64400
TP 2: 1.63600
TP 1: 1.64400
TP 2: 1.63600
Trade active
Trade has been active since I posted, moving rather slowly so I would monitor it closely, however moving like how I expected it to. So that's a plus. Currently, at +30pips.Trade active
+77 pips. Look for possible retracements and take some profits at 1.64350
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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.