Get started
TiborVrbovsky

EUR/NZD in a Bear flag.

Long
Euro / New Zealand Dollar (FX:EURNZD)  
TiborVrbovsky Updated   
FX:EURNZD   Euro / New Zealand Dollar
Flag Support and Resistance Trend Lines EUR NZD EURNZD eurnzdshort EURUSD Forex forexsignals forextrading forexanalysis
6
1
flagpattern supportandresistance trendline eur nzd eurnzd eurnzdshort eurusd forex forexsignals forextrading forexanalysis
EUR/NZD is in a Bear flag with bias to break to the downside.

I am looking to sell either the top of this resistance area which is around 1.7816 or sell the break of the uptrend flag line, currently around 1.7784.

Take profit will be in the middle of the support area, around 1.77380, so roughly 40 to 44 pips profit.

Good luck with this trade!
Tibor
Trade closed: target reached:
Take profit hit! +38 pips

Related Ideas

TiborVrbovsky
NZDJPY Short opportunity.
TiborVrbovsky
Buy the Dip of the Range in EURCAD.
TiborVrbovsky
EURUSD in Uptrend Channel.
TiborVrbovsky
AUDUSD with Two Long Setups.
TiborVrbovsky
Bitcoin Failed to Break $10.800.
TiborVrbovsky
EURUSD on Crossroads.
TiborVrbovsky
EURUSD Short the Resistance.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.