EURNZD SELL OPPORTUNITY ( CORONA VIRUS VS GLOBAL RATE CUT )

RIGHT NOW, CORONAVIRUS FEAR IS HURTING US STOCK MARKET. AS A RESULT, EUR IS GETTING APPRECIATED AGAINST ALL CURRENCY. AND BECAUSE AUSTRALIA AND NEWXEALEND'S ECONOMY DEPENDS ON CHINA, AUD AND NZD ARE GETTING DEPRECIATED. THAT'S THE REASON OF ALMOST 1000 PIPS UP MOVEMENT IN EURNZD.
NOW THE UPTREND IS ALMOST OVER, I AM EXPECTING A POTENTIAL DOWNTREND IN EURNZD. THIS TRADE HAS TO BE SUPPORTED BY STRONG FUNDAMENTALS LIKE CORONAVIRUS FEAR FADING, STIMULUS FROM CHINESE GOVT, STIMULUS FROM FED, EUR MONETARY POLICY ETC.

KEEP A CLOSE LOOK AT THE FUNDAMENTAL EVENTS IF YOU WANT TO TAKE THIS TRADE. IT WOULD BE A VERY PROFITABLE TRADE IF EVERYTHING PLAYS OUT NICELY. REMEMBER TO FOLLOW PROPER MONEY MANAGEMENT.

SOMETHING ABOUT ME :

I only trade AUD AND NZD related pairs and some major fundamentals events. I closely monitor CHINEESE STOCK MARKET, NEWZEALAND AND AUSTRALIAN ECONOMY to do my analysis.

After years of fx trading, I've found, it's best to trade with 1 or 2 currency pairs. Narrow focus brings the best result in the forex market.

I try to post and update my trade ideas every week. Follow me, if you like my analysis.
I use both fundamental and technical analysis to generate trade ideas. I don't feel comfortable placing orders based on just some random indicators. I look for strong fundamental reasons and these indicators help me to achieve a great risk to reward ratio.

May we all gain some Pips. Happy trading...

I also manage investor's funds and give forex signals. Feel free to contact me if you are interested.

Feel free to contact me for any forex related issue
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