EURNZD Longterm Short Setup Short

Euro Fx/New Zealand DollarFXCM

Description

⋅ Dec 1, 2020 5:24 PM

EURNZD is looking like it is potentially starting its retracment back to the previously broken support. This zone has the following Confluences:

1. Bearish Market
2. Previously broken Support
3. 50% Fib Level

If this market can show a price action signal in this zone, I will feel confident taking shorts and having overall targets set at 1.62900, which is an important key level that lines up with the -61.8 fib extension

Comments

KANS0510

⋅ Dec 2, 2020 2:04 AM

thanks for sharing.. your forecast is in 3-6 weeks? what are your views and that happens in today and by this/week?

fktika69

⋅ Dec 1, 2020 5:36 PM

Fabulous!