EURNZD: Price Action For More Short Momentum
Welcome traders, to this new trading idea!
We are looking at the EURNZD pair on the daily chart right now. Last week we saw a trend reversal with a massive bearish momentum to the down side.
As we look on a higher timeframe, we expect the new trend to establish and look for a potential reversal to enter this trade.
A potential entry point for this short is 1.71350, where we marked the arrow. After that with a confirmation we will be entering an order.
We will keep you guys updated in the comment section how the pair moves and when we enter a trade.
Wishing everyone a great week and happy profits!
We are looking at the EURNZD pair on the daily chart right now. Last week we saw a trend reversal with a massive bearish momentum to the down side.
As we look on a higher timeframe, we expect the new trend to establish and look for a potential reversal to enter this trade.
A potential entry point for this short is 1.71350, where we marked the arrow. After that with a confirmation we will be entering an order.
We will keep you guys updated in the comment section how the pair moves and when we enter a trade.
Wishing everyone a great week and happy profits!
Order cancelled:
Price did miss our zone by some pips and moved lower. There will always be another opportunity!
Comment:
Price can reverse into our zone and sell down from there. Lets see
Trade active:
Potential Short from our zone is still valid.
Trade closed: stop reached:
No price action here. Maybe another time.
