1776pub

EUR/NZD shows a Secondary DecisionBar

FX:EURNZD   Euro / New Zealand Dollar
126 0 0
Following a DecisionBar Long Exhaustion, EUR/NZD moved up to the area of the previously broken lower pivot (indicated by the hand-drawn, dashed orange line), which is now providing resistance.

EUR/NZD was unable to overcome that resistance, causing DecisionBar to issue a short, Secondary DecisionBar.

Our trading strategy is now straight forward. We should be short as long as the market stays below the level of the previously broken lower pivot , and long if the market moves above it.
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