EURNZD is currently in a buyers trend on the 60, But sellers just did a 100% pullback.
The reaction from the buyers are weak and it seems it is barely able to reach the previous S/R.
Looking to short near prices on the previous breach.
Things to expect.
1. if prices were to test the breach with alot of strength , i will standby and fade the momentum before considering a short.
2.Prices fails to reach the breach and goes south. Standby and wait for the pullback again.
The reaction from the buyers are weak and it seems it is barely able to reach the previous S/R.
Looking to short near prices on the previous breach.
Things to expect.
1. if prices were to test the breach with alot of strength , i will standby and fade the momentum before considering a short.
2.Prices fails to reach the breach and goes south. Standby and wait for the pullback again.
Trade active:
entered at 1.70700
Comment:
SL at 763. looking to move it down to 730
Comment:
moved SL to 730
Comment:
Moved SL to 0
Comment:
stopped. looking for re entry
Comment:
Re entered , SL at 768
Comment:
stopped out.
Comment:
Re entered at 833 SL at 930
Trade closed: target reached