EURNZD - Dec 28 -01 Jan Week trade plan

27 dic 2020This is my trade plan for EURNZD for next week EURNZDDec 28 -01 Jan based on HTF analysis.

Trades will be executed according to my trading rules:
1- Momentum
2- HTF close with momentum direction
3- 1H close below/above previous candle in momentum direction
4- Targets for 4H recent support/resistance

Please refer to the Daily and weekly outlook for further HTF outlook.
Daily Outlook:
Weekly Outlook:

29 dic 2020

Commento

Update 29/12:
- EURNZD reached as expected the 7220 resistance and managed to close above 7180 .. looking for support formation above 7180 to retest 7220 with potential of retesting highs at 7345
1H Chart:

30 dic 2020

Commento

Update 30/12:
Failure to hold above 7180 (Create solid support) pushed price down to test range lows at 7080.
As per weekly plan, currently looking for break of 7080 and resistance formation below this zone 7080/7100 to Short targeting the lows created as TP1 and with break of this lows, TP2 will be 6980.
1H Chart: