EURNZD Un-happy ending
Whats up all!
Here we have FX:EURNZD which has been setting up for a very nice short over the two last weeks, we are looking at multiple TVC:EXY pairs as we expect a lot of further weakness to come in the near future due to a struggling EUROZONE.
As we can see on the chart,
EURNZD has been flirting with the monthly resistance at 1.67-1.674 which it was unable to push above on 3 previous occasions. Currently the pair is trading within a rising wedge is a bearish chart pattern and what we are looking for in this case is for bearish continuation.
The first support is our target of 1.63 followed by 1.60 and finally 1.57
Have a great week guys and REMEMBER, a trader is only as success as his risk
Here we have FX:EURNZD which has been setting up for a very nice short over the two last weeks, we are looking at multiple TVC:EXY pairs as we expect a lot of further weakness to come in the near future due to a struggling EUROZONE.
As we can see on the chart,
EURNZD has been flirting with the monthly resistance at 1.67-1.674 which it was unable to push above on 3 previous occasions. Currently the pair is trading within a rising wedge is a bearish chart pattern and what we are looking for in this case is for bearish continuation. The first support is our target of 1.63 followed by 1.60 and finally 1.57
Have a great week guys and REMEMBER, a trader is only as success as his risk
Transaction en cours
Note
These are great pull backs to add on too.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.