Beautiful bearish engulf close on the monthly tf on this pair closing below the resistance. It has retested the resistance multiple times causing wicks as we also know it as rejections. This is a simple b.r.c trade on this pair on the h4.
The last EUR/NZD has hit out stop. No problem. With correct money management, you should have no emotional connection with a trade. We are opening another new position on this pair its finally made a lower low and it is loosing steam at the 61.8% fib level.
Weekly: It has respected the weekly supply zone. It has continued downwards and has taken out the daily support. Now resistance we have had a gravestone doji on the 30 minute tf. Thats our entry.
WEEKLY: This pair has broken a weekly key area of resistance. This pair has finally made a retest of this area. Many people will be looking to go short but i am going long. The best advice follow your OWN analysis.
Very strong bearish weekly close. We have expected a pullback nice h1 double top with an bearish engulf candle. This is a swing trade risking 5% of my capital.
