FX:EURNZD   Euro / New Zealand Dollar
Not much fundamental reason to short this pair this morning but the technical set up gives us a good risk reward ratio and an opportunity to take advantage of the candle stick pattern and the declining trend line on the daily chart. The engulfing patttern shows sellers coming into the market as the price rejects the declining trendline trading it down to the previous support gives over a 3:1 risk reward. Lets see what happens. Join me this morning for the FREE webinar on what I am trading this morning and a look into the possibilities for the Non Farm Payrole. webinar.getresponse.com/DGy/live-room-2

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.