EURNZD Unable to Hold Lower Range Boundary
Updated
- I was long earlier this week in anticipation that the 1.6981 level (lower range boundary) would hold.
- The move up was cut short and I'm now changing my directional bias.
- Currently looking for price to make another attempt to trade higher, but failing to hold at the higher price level.
[Note that ideas published represent my viewpoints on structural directional movements. I do not post explicit trade parameters (i.e. entry, take profit, stop loss, etc.) as these are set to in reference with my expectancy. Since my win rate and R-multiple targets are different, ideas published are simply a resource to provide guidance. You are expected to manage your own trading decisions.]
Note
The selloff took off a bit sooner than I anticipated. I am currently still expecting further downside, but first waiting for a pullback before we pull the trigger.
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