EURNZD

Good Evening Dynamic Traders

I hope you all had a fantastic weekend and enjoyed a successful day on the markets today.

Tonight I wanted to share the EURNZD daily chart. Price has been heading south in a fairly slow but steady fashion - a nice looking consistent downtrend without any deep pullbacks, which is always good to see. As of tonight we may well see price close with a new BOB of the low with a very bearish candle - but we need to wait for a confirmed closed bar.

Should we see a BOB, all the Dynamic Traders can use the ESLT tool for entry. Although price has crossed the big figure, we are still in close proximity to it, so be wary of the fact that we may see some traders remorse in the form of a FBO. We do however have the trend in our favour and we also have stochastics confirming that. Let's await and see what the market offers tomorrow.













Please carry out your own analysis before placing any trades. Check on your favourite indicators, consult your TP and rules and make a judgement on your trade.

Here's to great trading! Have a great evening.

Sonia Molina