EUR/NZD (Short) - In Supply Zone
Updated
Price is approaching Resistance at 1.7848
There is some support around 1.77170
Demand Zone and potential exit at 1.76000 (TP2) and MAJOR Demand zone around 1.74500 (TP3)
Entry = 1.78400
SL = 1.78900
TP1 = 1.77170
TP2 = 1.76000
TP3 = 1.74511
Risk vs Reward = 1:7.87
There is some support around 1.77170
Demand Zone and potential exit at 1.76000 (TP2) and MAJOR Demand zone around 1.74500 (TP3)
Entry = 1.78400
SL = 1.78900
TP1 = 1.77170
TP2 = 1.76000
TP3 = 1.74511
Risk vs Reward = 1:7.87
Trade closed: stop reached
Stopped out by Fakeout however if you took the re-entry at 1.78480, you will be at a 1:2 RR floating position.Trade Safe & good luck :)
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