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JuanHernandez
Dec 27, 2023 4:16 PM

Short in AUDNZD Short

Euro Fx/New Zealand DollarFXCM

Description

"I have initiated a short position on EUR/NZD as the price has reached a supply zone. After conducting a thorough analysis, I have identified a significant supply zone where selling pressure is expected to increase. This, combined with other bearish indicators, has led me to take a short position. My objective is to profit from the potential downward movement in price. I will closely monitor the price action, market sentiment, and relevant economic factors to effectively manage my position and make necessary adjustments as the trade progresses. As always, risk management is a top priority in my trading strategy to protect my capital and achieve optimal returns."
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