New Trade: EURNZD - Short Position (SELL LIMIT)

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New Trade: EURNZD - Short Position (SELL LIMIT)

Sell Limit: 1.7740
Stop Loss: 1.7780
Take Profit: 1.7550

Technical Analysis:
Initiated a short position on EURNZD with a Sell Limit set at 1.7740. The decision is anchored in technical analysis, specifically targeting the Fibonacci "golden zone" and incorporating the Anchored VWAP for additional confirmation.

Rationale:
The Fibonacci retracement levels indicate a potential reversal within the "golden zone," supported by the Anchored VWAP for enhanced technical conviction.

Risk Management:
A defined Stop Loss at 1.7780 is in place to manage risks effectively, ensuring a disciplined approach to protect capital against unexpected market movements.

Trade Strategy:
Take Profit set at 1.7550 aligns with the anticipated downward movement. The combination of Fibonacci levels and Anchored VWAP serves as a robust strategy for this short position.

Disclaimer:
Trading involves risk, and past performance is not indicative of future results. Exercise caution and conduct thorough analysis before making trading decisions.


Happy trading!
Uwaga
Good push up today - Approaching Sell Limit!

Let’s get this money!
EURNZDeurnzdshortFibonaccifibonnacciFractalSupport and Resistancesupportandresitance

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