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AlexAlfonsoFX

EURNZD Short Idea

Short
Euro / New Zealand Dollar (OANDA:EURNZD)  
AlexAlfonsoFX Updated   
OANDA:EURNZD   Euro / New Zealand Dollar
Trend Analysis Chart Patterns Technical Indicators
2
2
trendanalysis chartpattern indicator
With the recent failure to push higher on EN, we've seen the 1H trendline break.

A short would be possible if we see a retest and rejection of previous structure around 1.72107.

My target would be at 1.71287.

Comment:
I have placed a sell limit at 1.72087

TP is set at 80 pips with a 40 pip SL to give some wiggle room for price to wick around.

Projected RR 1:2

snapshot
Trade active:
EN limit order has been filled.

Will update as trade progresses.
Comment:
Comment:
EN isn't playing nicely and is about 14 pips from SL.

Still holding the trade until full stop.

snapshot
Comment:
Stopped out for a small loss on EN.

snapshot
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