Hi traders, here is a potential sell setup in EURNZD. The pair reached the upper boundary of a falling channel, risk-on mode supports NZD in today's trade so far, and end-of-week profit-takings may push the pair lower.
The up-move seems overstretched in the downtrend.
The trade offers a good R/R ratio overall.
The up-move seems overstretched in the downtrend.
The trade offers a good R/R ratio overall.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.