Textbook Bear Trap in EurNzd pair.
This pair rejected 1.50 very strongly, and moved up to 1.55.
We are now seeing a corrective move for the first bullish leg.
I am looking for continuation and a second bullish upmove.
Long @ 1.5345 Stop 1.5320 Limit 1.5825
If the stop is going to be taken out, i will be looking for a second more conservative entry opportunity.
This pair rejected 1.50 very strongly, and moved up to 1.55.
We are now seeing a corrective move for the first bullish leg.
I am looking for continuation and a second bullish upmove.
Long @ 1.5345 Stop 1.5320 Limit 1.5825
If the stop is going to be taken out, i will be looking for a second more conservative entry opportunity.