+200 pips Best Level to Short EURNZD from Resistance

12 Feb

🔸Hello traders, let's review the H1 chart for EURNZD today. Trading
near premium prices of the multiweek range, closing in on heavy S/R
Currently risk/reward is shifting in bears favor, so it's recommended
to look for sell side setups in EURNZD.

🔸Heavy overhead mirror S/R zone at 8370/8380 expecting reversal
from overhead resistance. current bid is 8355 so final push required
before we can get a decent entry on sell side.

🔸Recommended strategy for EURNZD traders: focus on short selling any rips/rallies near MS/R 8370/8380 price is currently trading near premium levels and is almost maxed out already, limited upside. TP1 bears +90 TP2 bears +180 pips final exit 8190 keep in mind this is a swing trade setup so naturally will take more time to complete / hit both targets. good luck traders!

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12 Feb

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