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VasilyTrader
May 12, 2020 5:54 AM

EURNZD: Multi Time Frame Analysis & Trading Plan Short

Euro Fx/New Zealand DollarFXCM

Description



Morning guys!

EURNZD is retesting a key daily structure.

due to a current bearish sentiment on the pair, we are short biased here.

moreover, daily structure matches perfectly with a recent 4H/1H structure and we see a double top with a lower high formation on that!
as always, our trigger is a bearish breakout of minor structure support 1.7765 (1H candle close below).
then we short on retest or aggressively and let the market drop lower.

target levels:
1.7692
1.7615


remember that the pair may coil in a range for many hours!
in addition to that, bullish breakout is also possible!
then the setup will be just invalid :)
Comments
VasilyTrader
Are you also bearish biased on EURNZD?
Hosein333
@VasilyPonomarev yes
Anderson-FX
Why sell??
Btw was a really nice analysis

This was mine

longvinh078
Is the setup still bearish rightnow ?
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