EURNZD - 4 - 8 Jan Week trade opportunities for reference

This is a summary of the trade opportunities during this week according to my Trade Rules:
1- Momentum
2- HTF close with momentum direction
3- 1H close above / below previous candle in momentum direction
4- Targets for TP points from Week Trade Plan EURNZD

Jan Week 4 - 8

• Previous momentum: Bearish
  Week Close: Bearish
  Range: 284 pip
  

- With last week failure to sustain the bullish momentum above the 1.7180 and rejection confirmation at 1.7220, EURNZD ended last week bearish at Support zone at 1.6950/80.

- EURNZD started this week with retracement to the next resistance zone 1.7080/1.7100 (Expected as per the weekly trade plan posted) and rejection confirmed at the zone for bearish continuation and retest of the support zone at 1.6950/80 TP1 and break to test 1.6880 TP2 and 1.6780 TP3.

- The COT report and Seasonality of NZD currency supported the bearish momentum to reach TP2 and treated any rise as opportunity for Shorts.

- Highlighted 3 opportunities for Short according to my rule of having Momentum and 1H close in my direction and as per my Weekly Plan.

- Check 4H TF you will find that 4H candle close is Bearish and closing below previous candle.


Weekly plan: Jan 5 Update: Jan 6 Update: Jan 8 Update: