Hey guyz,
the EUR/NZD is still in a bearish retracement. For the shorties there might be a possible trade set up if prices close below 1.6154 (black line). SL would be above former structure high (orange line). Please remind your self this is just the correction of the last strong upswing. This means the market may always revive the bullish trend. Hence keep your eyes on your money/risk management.
Important: :-)
If you like my analysis and find it useful, please take a second and hit the LIKE button and follow me. It takes some time to create these posts and your LIKES let me know it is helpful to you. As always, any comments are welcome. Agree or disagree.
Please remind yourself that this is just my personal view on the market and you always should do your own analysis before trading. My Analysis should not serve as any recommendation to buy or to sell. My analysis are just my ideas and opinion how market could develope.
the EUR/NZD is still in a bearish retracement. For the shorties there might be a possible trade set up if prices close below 1.6154 (black line). SL would be above former structure high (orange line). Please remind your self this is just the correction of the last strong upswing. This means the market may always revive the bullish trend. Hence keep your eyes on your money/risk management.
Important: :-)
If you like my analysis and find it useful, please take a second and hit the LIKE button and follow me. It takes some time to create these posts and your LIKES let me know it is helpful to you. As always, any comments are welcome. Agree or disagree.
Please remind yourself that this is just my personal view on the market and you always should do your own analysis before trading. My Analysis should not serve as any recommendation to buy or to sell. My analysis are just my ideas and opinion how market could develope.