EURNZD - short after rejecting SMA20
Updated
EURNZD like to follow SMA20, and this is what I will try to play again on that pair. My game plan is to keep short position until it will hit support about 1.695.
If chart will reject SMA20, it will also create HnS formation, which should support our downward movement.
If chart will reject SMA20, it will also create HnS formation, which should support our downward movement.
Trade closed: target reached
EURNZD rejected support at 1.6966 at jumped back to 1.70 level. I set stop-loss about 1.7050 and take profit at 1.6965.
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