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AlkalineFX
Sep 27, 2020 4:07 PM

EURNZD - SL Hunt Complete? Short

Euro Fx/New Zealand DollarFXCM

Description

If we manage to see a break of the small ascending trend line, I will class the small break to the upside from the resistance level as an SL hunt to gather liquidity before a potential strong bearish move to the downside. If we see the break, I will be waiting for a re-test of the trend line or structure followed by rejections before placing my sell position.

Only time will tell!

COT Data - 52% Short
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