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MujkanovicFX

EURNZD Friday Sell Trade

Short
Euro / New Zealand Dollar (FX:EURNZD)  
MujkanovicFX  
FX:EURNZD   Euro / New Zealand Dollar
Trend Analysis Beyond Technical Analysis EUR NZD EURNZD sellsignal shortsignal short tradesignal
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trendanalysis beyondta eur nzd eurnzd sellsignal shortsignal short tradesignal
Hi traders, here is a potential sell setup in EURNZD. The pair reached the upper boundary of a falling channel, risk-on mode supports NZD in today's trade so far, and end-of-week profit-takings may push the pair lower.

The up-move seems overstretched in the downtrend.

The trade offers a good R/R ratio overall.
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