FX:EURNZD   Euro / New Zealand Dollar
Caught a nice long trade on EURNZD today.

Price returned to an area of the price action (blue rectangle in between support and resistance ) at 1.76473. Around this level, we have seen bullish momentum occur and so this is a level to keep an eye on.

Once I received confirmation of rejection at this level (Close bullish 4H candlesticks ) I entered a long trade at 1.7681.

As price neared the 200 day EMA I monitored my position closely in case we saw the bullish momentum turn bearish . Often, the price may reach the 20 day EMA and reject.


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