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francesgurton
Apr 21, 2021 5:26 PM

EURNZD - ShortΒ Short

Euro Fx/New Zealand DollarFXCM

Description

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Possible short on EURNZD.

The bearish continuation pattern has broken and the 4H moving average has acted as nice resistance.

Price broke below support of the pattern, hoping for tome continued bearish momentum over the coming days.

ECB announcements et to be bearish for the EUR, along with Europe's slow covid recovery and vaccinations while New Zealand is currently booming and covid free - great for the economy.
Comments
Eb_101
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it's a buy idea. nice work tho
UnknownUnicorn5823541
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Nice ideaπŸ‘ŒπŸΏ
francesgurton
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How comes you think it’s a buy?
Eb_101
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@francesgurton wait for it
Eb_101
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@francesgurton how is your trade on this pair going
Ven7ura
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shorting at support is risky
francesgurton
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@Eb_101 didn’t enter so no problems.
francesgurton
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@Ven7ura looked to me like it had broken
Ven7ura
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@francesgurton, it did indeed, but its always better to wait for 2 candle closes below the support low, better confirmation :)
francesgurton
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@Ven7ura, Oh yes i see! thanks for the advice, ill deffo take that on board :)
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