EURNZD H4 chart review and outlook: BEARS (SL/TP)(NEW)

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EURNZD H4 chart review and outlook: BEARS (SL/TP)(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.

🔸 Summary and potential trade setup
::: EURNZD H4 chart review / outlook
::: currently distribution in progress
::: upside limited / new DUMP soon
::: why? because NZDUSD retail sentiment
::: is extreme SHORT, so NZD will be strong
::: therefore EURNZD will DUMP
::: strategy and outlook: SHORT IT 7330 SL 60
::: TP is +180 pips
::: if you want an extra layer of confirmation
::: wait for H4 rejection / pinbar before shorting
::: great risk/reward setup on SELL SIDE
::: keep in mind, swing trade setup,
::: no fast/overnight gains
::: setup for patient traders only
::: good luck traders
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9/Combo update: N/A
::: Sentiment mid-term: BEARS
::: Sentiment outlook short-term: BEARS

Commento:

FOR NOW RECOMMEND TO STAY OUT. WILL UPDATE LATER.