EURNZD sell trade idea 11 06 2021
SELL EURNZD 1.6930
SL: 1.6960
TP1: 1.6910
TP2: 1.6890
TP3: 1.6870
Signal Analysis by LCMS Traders
Currency Pair: EURNZD
SELL EURNZD 1.6930
Timeframe: H1
Step 1 - Previous News: EUR: Day 1 of the G7 meetings, ECB kept monetary policy unchanged, NZD: Day 1 of the G7 meetings
Step 2 - Trend: Across, Counter Trend
Step 3 - Support/Resistance: Bouncing Off Resistance
Step 4 - Indicators
- Bollinger Bands: within
- MACD: fast touch, slow turning
- Stochastic: H4 heading up
- PSAR: bullish
Step 5 - Upcoming News: EUR: G7 meetings over the weekend, NZD: G7 meetings over the weekend
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