EURNZD- Short from 50% Fibonacci, Key Resistance and Trendline

EURNZD is keenly approaching my Entry zone that lays at the 50% Fibonacci aligned with my key zone and the well respected Trendline. Upon the retest of these Technicals i'm going to go short. Tomorrow there is an interest rate decision coming from the ECB (European Central Bank) at 12.45 GMT, meaning you may want to be careful entering and maybe await a higher push to the upside before entering as it may wickfish early sellers. As the BOE and Fed cut interest rates this foreshadows the same to potentially occur with the ECB.

Transaction en cours:

We saw a tap of the 61.8% fibonacci then straight into profit and we are now looking good

Transaction en cours:

we are up 103 pips!
moving sl to break even at 1.80685
can now let this trade ride out!

Commentaire:

we need to see a break of the support zone at 1.79815 as it tapped and rejected it on the prior 4hr candle; need a breach of this level to see contunued downside.

Commentaire:

1.79518*

Trade fermée manuellement:

closed this position and im looking to re enter as its pushing upside slightly. Want to be in before the data

Commentaire:

I have a sell order at 1.80720, which is the same as my previous entry

Ordre annulé:

Sl did get hit. EU data is out soon and this market will be volatile. might look for enteries upon wickfishing to 78.6 Fib

Commentaire:

the data come out the same, meaning a massive spike to the upside has occured. we are at the 78.6 retracement but i believe its too risky to enter. You decide