EURNZD Bearish Reversal Opportunity
EURNZD is near a key resistance zone. A potential Bearish reversal may occur if the price action breaks the previous Higher Low.
Bears may eventually face a strong support zone around 1.7482 till 1.7376. If this zone breaks, chances of TP2 will increase.
Trade Plan:
4Hr Time Frame
Entry @ 1.8063
Stop Loss @ 1.8666
TP1 @ 1.746
TP2 @ 1.6857
No. of Trades: 2
Move Stop Loss to Break even if TP1 hits.
Bears may eventually face a strong support zone around 1.7482 till 1.7376. If this zone breaks, chances of TP2 will increase.
Trade Plan:
4Hr Time Frame
Entry @ 1.8063
Stop Loss @ 1.8666
TP1 @ 1.746
TP2 @ 1.6857
No. of Trades: 2
Move Stop Loss to Break even if TP1 hits.
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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.
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.