Eurnzdd1
Short EURNZD Longterm Based on Weekly + 1D Charts for 400+ Pips!Our current EURNZD short is going perfectly as expected. I would like to close the gap on the current short but there are yet a few major supports to break through and I believe a pull back to a previous major support/resistance will be necessary. Therefore, this opens up the potential to a secondary short trade to take this down further.
The 1W chart shows momentum to buy is diminishing as the volume is now decreasing and we can expect a further push down next later next week.
A very simple and clean setup with entry on pullback and a great Risk:Reward ratio.
This research is for informational purposes and should not be construed as personal advice. Trading any financial market involves risk. Trading on leverage involves risk of losses greater than deposits.
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EURNZD Looking for breakoutLooking upside breakout from wedge. However keeping mind coming elections in April, which could turn euro lower. NZD could be little overpriced so correction might be possible.
