Short EURNZD Longterm Based on Weekly + 1D Charts for 400+ Pips!

Our current EURNZD short is going perfectly as expected. I would like to close the gap on the current short but there are yet a few major supports to break through and I believe a pull back to a previous major support/resistance will be necessary. Therefore, this opens up the potential to a secondary short trade to take this down further.

The 1W chart shows momentum to buy is diminishing as the volume is now decreasing and we can expect a further push down next later next week.

A very simple and clean setup with entry on pullback and a great Risk:Reward ratio.

This research is for informational purposes and should not be construed as personal advice. Trading any financial market involves risk. Trading on leverage involves risk of losses greater than deposits.

Please comment below and Like if you agree with my analysis.

Trade active:

My entry was at 1.56x based on the related idea I published on 6th of June.

Trade active:

Closed one position at 1.54x and moved second position to break even. Will let this run.

Trade closed: target reached:

Banked 254pips profit here so I'm happy enough to close this as "Target reached"