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FinancialGamblR

EURNZD Unable to Hold Lower Range Boundary

Short
Euro / New Zealand Dollar (OANDA:EURNZD)  
FinancialGamblR Updated   
OANDA:EURNZD   Euro / New Zealand Dollar
Multiple Time Frame Analysis Support and Resistance Fractal range boundary priceaction EURNZD EUR NZD Bearish Patterns
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mtfa supportandresistance fractal range boundary priceaction eurnzd eur nzd bearish
  • I was long earlier this week in anticipation that the 1.6981 level (lower range boundary) would hold.
  • The move up was cut short and I'm now changing my directional bias.
  • Currently looking for price to make another attempt to trade higher, but failing to hold at the higher price level.




[Note that ideas published represent my viewpoints on structural directional movements. I do not post explicit trade parameters (i.e. entry, take profit, stop loss, etc.) as these are set to in reference with my expectancy. Since my win rate and R-multiple targets are different, ideas published are simply a resource to provide guidance. You are expected to manage your own trading decisions.]
Comment:
The selloff took off a bit sooner than I anticipated. I am currently still expecting further downside, but first waiting for a pullback before we pull the trigger.

snapshot
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