EURNZD Update And Follow Up Of Bearish Opportunity

2
52
EURNZD Update And Follow Up Of Bearish Opportunity

Click To Join Our Community Telegram Group

Hi Traders! EURNZD update and follow up of bearish opportunity is here. In the previous post here I mentioned “On the H1 chart we had a bearish divergence which we may consider as an evidence of bearish pressure and then the price moved lower and broke below the last low we may consider these as evidences of bearish pressure. In addition to this the price which was moving inside a bearish flag pattern has currently broken below it, we may consider this as another evidence of bearish pressure. We may now look for pullbacks and sells with more bearish evidences”. Lets see how this setup has developed now.

EURNZD H1 Chart:

On the H1 chart the price moved exactly as per our plan, the pullback that we were looking for happened and then the price moved lower exactly as we expected. We have collected nice profits with this trade.

Not sure how to spot reversals (bounces)? Not sure how to spot breakouts?

I invite you to join me in my live trading rooms, on daily basis, and improve your trading with us.

Join Traders Academy Club Now 

Also you can get one of my strategies free of charge. You will find all the details here

 

Regards,

Yordan Kuzmanov
Chief Trader at Traders Academy Club

Advertisement

Click To Join Our Community Telegram Group

2
Leave a Reply

avatar
2 Comment threads
0 Thread replies
0 Followers
 
Most reacted comment
Hottest comment thread
1 Comment authors
MichelleWarren Recent comment authors
  Subscribe  
newest oldest most voted
Notify of
Michelle
Guest
Michelle

This is very useful Vlad, a big kudos

Warren
Guest
Warren

Thank you, will follow it