EURNZD short trap!

By scottmal89
Notice how price is breaking the 2H zone, yet approaching the Red Line (4H S/R Level)? This will entice many traders to come in and short here seeing that heavy resistance. For those that i teach and know my Zone Strategy, we will wait for the break & retest of the zone, then will go Long eating up all the retail stop losses :). As always though, If we see rejection here at this zone in the form of a Pinbar, Bearish Harami, or Engulfing we will Short. Price action is king, and we are fluid and open to changing bias on the drop of a dime. Beautiful set up none the less. Enjoy traders.
Beyond Technical AnalysisChart PatternsEURNZDForexforextradingLONGpriceactiontradingzonesTrend Analysiszones

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