The EURNZD pair exhibits clear bearish momentum. The current retracement to the 50% Fibonacci level presents a possible sell opportunity.
Trend: EURNZD demonstrates a well-defined downtrend.
Retracement: The price action is likely experiencing a corrective retracement before renewed selling pressure.
Fibonacci Confluence: The 50%-61.8% Fibonacci level is our optimal entry zone.
Trade Idea
Direction: Short
Entry: Upon bearish candlestick confirmation near the 50% Fibonacci level.
Target: 1.74840
Stop Loss: Place the stop loss above the recent swing high to manage risk.
Important Disclaimer
The provided analysis serves as a technical perspective and should not be misconstrued as direct investment advice. Please conduct comprehensive independent research and employ robust risk management strategies before committing to any trades.
Trend: EURNZD demonstrates a well-defined downtrend.
Retracement: The price action is likely experiencing a corrective retracement before renewed selling pressure.
Fibonacci Confluence: The 50%-61.8% Fibonacci level is our optimal entry zone.
Trade Idea
Direction: Short
Entry: Upon bearish candlestick confirmation near the 50% Fibonacci level.
Target: 1.74840
Stop Loss: Place the stop loss above the recent swing high to manage risk.
Important Disclaimer
The provided analysis serves as a technical perspective and should not be misconstrued as direct investment advice. Please conduct comprehensive independent research and employ robust risk management strategies before committing to any trades.
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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.
🚀💰Winning DAY TRADING Strategy Beating Market Chaos:
👀🔗 youtu.be/NMmD8UsKqJ4
🔥💰 PASS YOUR PROP CHALLENGE FX SIGNALS:
👀🔗 youtu.be/OrtnnrLizeQ
✅ Join Our Free DISCORD:
👀🔗 discord.com/invite/PcBeCdwVQq
👀🔗 youtu.be/NMmD8UsKqJ4
🔥💰 PASS YOUR PROP CHALLENGE FX SIGNALS:
👀🔗 youtu.be/OrtnnrLizeQ
✅ Join Our Free DISCORD:
👀🔗 discord.com/invite/PcBeCdwVQq
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.