EUR/NZD Sells Active - Swing Trade - Key Resistance 1.80500
I have just taken a sell position on EUR/NZD expecting some good selling pressure over the next couple of weeks.
From a technical perspective we can see price has come into the 1.08500 level which is a key area of daily/weekly resistance where in the past the market has reacted from favourably.
I am expecting again a strong reaction from this area.
I will not be going into the entry confirmation for this trade idea.
Stoploss is going to be at the high of the current daily candle.
Targets have been outlined within the screenshot provided.
From a technical perspective we can see price has come into the 1.08500 level which is a key area of daily/weekly resistance where in the past the market has reacted from favourably.
I am expecting again a strong reaction from this area.
I will not be going into the entry confirmation for this trade idea.
Stoploss is going to be at the high of the current daily candle.
Targets have been outlined within the screenshot provided.