EURNZD, 4hr tf, SHS pattern with ichimoku confirmation
Hello my friends,
Another nice setup come to my screener is EURNZD pairs.
It looks like there is a SHS pattern forming and we could see price rotate lower soon.
Price already broken below the neckline and we are now waiting for a bit retracement before selling this pair to the downside.
Notice also price below the kumo cloud and it is red colored. Parabolic SAR also swithced from below to above the price so we could say sellers are pressuring this pair.
Sell limit EURNZD 1.7745
Stop loss 1.7810
Take profit 1 at 1.7680
Take profit 2 at 1.7615
Take profit 3 at 1.7550
RR Ratio is 1 : 3
Use only 1-2% risk
Good luck
Another nice setup come to my screener is EURNZD pairs.
It looks like there is a SHS pattern forming and we could see price rotate lower soon.
Price already broken below the neckline and we are now waiting for a bit retracement before selling this pair to the downside.
Notice also price below the kumo cloud and it is red colored. Parabolic SAR also swithced from below to above the price so we could say sellers are pressuring this pair.
Sell limit EURNZD 1.7745
Stop loss 1.7810
Take profit 1 at 1.7680
Take profit 2 at 1.7615
Take profit 3 at 1.7550
RR Ratio is 1 : 3
Use only 1-2% risk
Good luck