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CollegeofPips
Nov 25, 2020 2:24 PM

Potential Aggressive Move Downward Short

EUR/NZDOANDA

Description

💡 Trade Idea

📉 Sell EUR/NZD @ 1.7030

🎯 Target Profit 1.6821

🛑 Stop Loss 1.7097

❌ Do not risk more than 1% of your account on each trade

🙂 Good Luck!

The price is trading within a bearish channel. It posted a higher correction towards the 1.7056 previous support. Now, our expectation is a move to the downside since it was rejected from the resistance trendline or the upper side of the channel.
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