Overall trend for EURNZD is Bearish (DOWN) on the monthly, weekly and daily time-frames. Liquidity has been gathered at the high of the week at 1.7913 price and in other terms that would also mean buyers have been induced to buy while market makers are actually turning in a different direction (always follow the true or overall trend). Give EN space to breathe hence our SL is at least swing high 1.7913 as it might range a bit and if favourable to us we might see a drop in our direction. This is a swing trade so PATIENCE is key although most of the waiting has already occurred.
Please refer to chart
https://www.tradingview.com/x/pFx73xFV/ – 1hr Chart
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