EURNZD 🎯 Key Levels & Plan Entry Zone: ANY PRICE near current levels is valid for a short position, favoring rallies into resistance. The breakout is the signal.
Stop Loss (SL): 🛡️ 2.0250 (Thief's SL - Reference Only) 👑 Dear Traders (Thief OG's): This is my strategic SL. ADJUST BASED ON YOUR OWN RISK & STRATEGY. Protect your capital first.
Take Profit (TP): 🎯 1.9950 (Primary Target) Why Here? Confluence of: Triangular Moving Average (TriMA) acting as dynamic resistance. Overbought conditions on higher timeframes. "Trap Zone" – Likely liquidity pool before a deeper move.
💎 Note to the Community: This TP is a logical technical target. Manage your own trade & take profits according to your plan.
⚡ Why This Setup? (The Edge) Trend & Momentum: Price has broken and closed below the Kijun-sen, a key Ichimoku trend filter, indicating bearish shift.
Confluence: Bearish momentum aligns with a TriMA resistance and overbought readings, creating a high-probability rejection zone.
Risk/Reward: Favorable if entered at current or slightly higher prices.
🔍 Related Pairs & Correlation Watch ($) Monitoring these pairs can provide macro confirmation and warn of FX shifts:
AUD/NZD: 💡 Positive Correlation. Both are "Aussie" and "Kiwi" vs. Euro. A weak AUD/NZD can sometimes reinforce EUR/NZD bearishness if the NZD is broadly strong. Watch for similar technical breaks.
EUR/AUD: 💡 Inverse Correlation (Key Watch). Often moves inversely to EUR/NZD. If EUR/AUD is also falling, it confirms broad Euro weakness, strengthening our EUR/NZD bear thesis.
NZD/USD: 💡 Direct NZD Gauge. A strong NZD/USD (Kiwi strength) supports our short EUR/NZD trade. Watch for NZD resilience against the USD.
EUR/USD: 💡 Direct EUR Gauge. A weak EUR/USD (Euro weakness) is the primary driver for this trade. If EUR/USD breaks down, this EUR/NZD short gets a major boost.
🎭 Correlation Summary: We want EUR weakness (down in EURUSD) and/or NZD strength (up in NZDUSD). The most powerful signal is both happening together.
HTF is firmly bullish, so I’m simply waiting for those mini bearish reactions to drive price back into my bullish OB. Until we tap that zone clean, I’m chilling—patient, watching it like a hawk.
Once mitigation is applied, I’ll drop into the LTF to confirm the hold. We move with safety, not hope. Let smart money deliver the discount, then we execute.
Just monitoring price flow on this one — top-down, everything is still being respected from the higher timeframe down to the lower timeframe. I entered after the sweep inside that first green OB, but I ended up exiting because price slipped into a long consolidation phase. Too indecisive, too choppy — and when the reaction isn’t clean, I protect capital first.
But even through all that, structure respected structure. The zone held, and price sat in a multi-day consolidation. Higher-timeframe was a bit unclear during that stretch, which is why I stepped aside and waited for clarity. Once structure starts hesitating, I rely on the PD Grid to realign internal OBs and make sure I’m mapping the narrative correctly in case the original blocks don’t hold.
Turns out the original zone did hold — it just needed time.
Bias remains bullish, and now I’m looking for price to take the highs as the continuation comes into play. Until then, we stay patient, monitor the flow, and let smart money deliver the move.
EURNZD Strong Bullish Zone, Price pullback to Previous Resistance level turned Support and formed Double Bottom equal lows at the level, 50 EMA ac ting as support at the level.
EURNZD Gear up for takeoff soon boys, price could correct a bit lower but I have a good feeling we are about to transition from the correction to continuation
EURNZD 🎯 Key Levels & Plan
