JLJ002500

EURNZD - Potential consolidation breakout

FX:EURNZD   Euro / New Zealand Dollar
Extended long term range (~10 months), at top of range in consolidation for last month. Slowly getting into a short position. I expect this to be a longer trade.

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D:
Aug 09
Trade closed: stop reached: Stopped reached. NZD dropped after RBNZ's decision.

It was only a minimal loss as my position was small to begin with and I closed 1/3rd of my holding shortly after the decision.

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