A nice trade from today taken on EUR/NZD.
Recently price has retested the downtrend line on two occasions, rejecting both times.
I took my short at the 1.7193 level after confirmation of rejection at the trend line.
I am still in this trade, I plan to come out before the European close. However, if you are a swing trader, I believe the price could reach support at 1.60634
Recently price has retested the downtrend line on two occasions, rejecting both times.
I took my short at the 1.7193 level after confirmation of rejection at the trend line.
I am still in this trade, I plan to come out before the European close. However, if you are a swing trader, I believe the price could reach support at 1.60634