EURNZD is about to test a very important level where we see the second line of the Ichimoku cloud and also a short-term support.
The price is approaching this level with a clear sign that sellers are strong on the market, so we can start to think about bearish trading ideas.
My idea is to wait for the breakout of both levels, placing a stop entry order right below them, with a stop loss above the cloud and a take profit above another important area where buyers may start to increase the demand again.
The price is approaching this level with a clear sign that sellers are strong on the market, so we can start to think about bearish trading ideas.
My idea is to wait for the breakout of both levels, placing a stop entry order right below them, with a stop loss above the cloud and a take profit above another important area where buyers may start to increase the demand again.
Trade active:
Trade going very well and stop loss moved to 1.7530, right above the current level of the cloud.
Trade active:
Closed 1/2 of the position close to take profit. Left the other half and stop loss moved to 1.7465, where we have the new level of the cloud.
Trade closed: target reached:
Finally, take profit reached :)
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