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EUR/NZD Short

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Euro / Dollar New Zealand (FX:EURNZD)  
ForexKrisBerben Diupdate   
FX:EURNZD   Euro / Dollar New Zealand
Trend Analysis Support and Resistance Trend Lines EURNZD profit
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trendanalysis supportandresistance trendline eurnzd profit
Here on the daily chart of the EUR/NZD we can see that we bounced of a big resistance level and also formed a double top pattern. Because of the decreasing trendline we are looking for shorting options with a nice risk-to-reward ratio. with the 500 EMA (blue line) as our first take profit level

Happy trading!
Komentar:
At the moment price is consolidating on the 1H chart, between te levels of 1.71125 and 1.70905, we are waiting for a breakout to confirm the entry on the Daily chart
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