POSSIBLE SHORT SETUP ON THIS PAIR IF YOU ARE A RANGE TRADER.

EURNZD DAILY

MARKET IS SIDEWAYS AS MOVING AVERAGES ARE FLAT. PRICE IS TRADING IN A RANGE AND CURRENTLY AT MR1 RESISTANCE PIVOT. STOCHASTICS IS TURNING SOUTH. NOT THE GREATEST PRICE ACTION ON THIS CHART BUT IT COULD PROVIDE SOME DECENT OPPORTUNITIES ON LOWER TIME FRAMES.

EURNZD H4 (WITH MONTHLY PIVOTS)

MARKET IS SIDEWAYS ON THIS CHART AS WELL. RESISTANCE IS AT MR1 WHICH COINCIDES WITH 1.71000 PSYCH LEVEL AND ITS ALSO A ROLE REVERSAL AREA.

EURNZD H4 (WITH WEEKLY PIVOTS)

PRICE OPENED AT WPP WHICH COINCIDES WITH MR1 AND 1.71000 PSYCH. IF BEARS GO SHORT AT WPP PIVOT THAN THE WEEKLY SWING TARGET IS WS2. HOWEVER IMMEDIATE SUPPORT IS AT WM2 AND WS1.

EURNZD H1

MARKET IS SIDEWAYS. PRICE IS RANGING. RESISTANCE IS AT DM3 WHICH COINCIDES WITH WPP AND MR1. STOCHASTICS IS OVERBOUGHT. A BEARS SELLING AT DM3 IS TARGETING DM1 FOR THE DAY.

EURNZD DAILY POST PLAN

EURNZD H4 POST PLAN

2 thoughts on “EURNZD SHORT SETUP, 26 MARCH 2018”

  1. I”m not in love with it. Everything seems ok on the lower time frames, but the Daily seems very sideways. This plan relies a lot on the month pivots and we are near the end of the month.

    1. Pedro says:

      Thanks for the feedback Wayne, I will pay close attention to the monthly pivots.

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