🔸Hello traders, let's review the 2hour chart for EURNZD today.
Rangebound trading condition recently, currently expecting a re-test
of the mirror S/R resistance overhead and then sellers will take over
from the resistance.
🔸Key levels for EURNZD traders: 7860 s/r bulls, 8050/60 s/r bears,
7659 mirror s/r bulls level will get re-tested by the bears for liquidity.
🔸Recommended strategy for EURNZD traders: the sequence
is long/short so you want to buy low off the s/r bulls at 7860 SL 40
TP +200 pips, this is the bounce play / re-test of the mirror s/r bears
at 8050 then flip short at/near 8050+-10 pips SL 50 pips TP1 +200
TP2 +400 pips final exit bears at mirror s/r at 7650. this is a swing
trade setup, patience required. good luck traders!
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