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darcsherry
May 29, 2022 12:23 PM

EURNZD | New perspective Short

Euro Fx/New Zealand DollarFXCM

Description

The identification of a strong bearish impulse leg on the daily time frame which was followed by a retracement wave that appears to have culminated around 61.8-78.6% ( 1.68000 zone) is a signal that the risk of further decline in price is imminent. So, this video explains how I intend to take advantage of the bearish move if it happens.

Risk Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.

Comment

It appears price action does not want to test the key level at the 1.66000 area hence we should be looking forward to a breakdown retest of Neckline at 1.6400 to join decline;

Comment

We are awaiting the bearish signal illustrated in the video to hop in a decline... We are patient here!

Comments
ammaralkayed1985
Thanks keep updates
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