Eurnzdshort
EUR/NZD bounced of the key resistance line💡Hello traders,
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EUR/NZD has been very bullish recently. However, for past days price has reacted to resistance line and now is starting to change trends and going down.
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Good Trading Opportunity for EURNZD!!! BEARISH outlook for now!!Currently, price level made a nice rejection off 1.7935 resistance level and now we could potentially see a rejection off 23.6 fib level. To determine if a BULLISH long term retracement is possible, I will be looking out for the breakout from this strong resistance level @1.7935. If so, we could see it heading towards 61.8 fib level. However, I am leaning towards a BEARISH movement for now, I will be seeing price movement going bearish minimally to 1.7600 support level. A rejection off that level will signal a good bullish opportunity but as mentioned a breakout from the strong resistance level will be a better indicator for a BULLISH climb. As of now, I will look to trade the BEARISH movement.
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eurnzd long term set uphere my expectation on EURNZD long term view, pls plan your trade than only trade ur plan, use risk management trade management and money management,
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EURNZD SHORT**ENG**
- Price rejecting nicely our reversal area, if price closes shooting star at the 2H, it would be a nice indicator of a drop in price.
**PT**
- Preço a rejeitar muito bem a nossa zona de reversal, se o preço fechar em shooting star no timeframe de 2H, será uma bom indicador de um possível movimento de queda no preço.
EURNZD short trade ideaPlan: support level breakout --> wait for the price to bounce off from resistance level --> wait for the rejection candle pattern to form e.g. bearish engulfing, pinbar, etc --> SELL
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GWBFX
EUR/NZD Short 300 pips?Good day, snipers. Here in EUR/NZD , I am looking for Swing Short since price is in a descending channel and also at a minor area of resistance . Price also seems to be on overbought levels on RSI and a bearish divergence . Big SL but greater TP level at structure. Signal with Entry, adjusted SL and TP will be sent to students.
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