EURNZD H4: Best Levels to SHORT IT TP +250/+350 (SL/TP)(NEW)

23 janv. 2023

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EURNZD H4: Best Levels to SHORT IT TP +250/+350 (SL/TP)(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
Tagged as SHORT since we are locked inside range with bearish BIAS.

🔸 Summary and potential trade setup
::: EURNZD 4hours/candle chart review
::: locked inside trading range
::: entire month so far
::: revised/updated outlook
::: REVISED/UPDATED to BEARISH OUTLOOK
::: short-term bounce / rally possible
::: however rips/rallies to get sold
::: retail positioning in EURNZD
::: favors more short-term losses now
::: 2 000 std lots short vs
::: 6 000 lots long
::: expecting fresh DUMP soon
::: exactly same pattern as
::: summer/autumn 2022
::: lower risk / recommended strategy
::: SHORT IT / SHORT rips/rallies
::: FINAL TP BEARS is 6575
::: chart looks good but slow price action
::: patience required if you want to make money
::: recommend to focus on swings only don't
::: try to trade this intraday
::: fast/miracle overnights gains here
::: good luck traders
🔸 Supply/Demand Zones
::: 6575 fresh demand zone
::: 7000 fresh supply zone
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment short-term: MIXED/RANGE/BULLS
::: Sentiment outlook mid-term: BEARS/REVERSAL

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