Get started
Euro / New Zealand Dollar
Short

EURNZD Short Trade Setup

By charles-okoukoni
Updated
A bearish opportunity recently presented itself on the euro-kiwi trading chart. This follows from the bearish harami candlestick pattern which printed just below the 1.66000 psychological level. A stop loss above the same psychological level and a profit target anywhere between your entry and the swing low of 1.58860 could give you a reward-to-risk ratio as high as 3. Be sure to size your position based on your trading account balance and apply other risk management measures before placing trades.


I'm rooting for you!

Your FX Plug


EURNZD
Trade closed: stop reached
Unfortunately, this also hit the stop.
Bearish PatternsbearishsetupChart PatternsEURNZDeurnzdanalysiseurnzdforecasteurnzdselleurnzdshorteurnzdshortsetupeurokiwiTechnical IndicatorsTrend Analysis
charles-okoukoni
Also on:

Related publications

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.