EURNZD short at market price (bid 1.7631)

By IgorParshin
تم تحديثه
EURNZD short at market price (bid 1.7631)
Take profit: 1.7350
Protective stop: 1.7768
Risk Ratio (RR): 1: 2.2 (approx.)
Estimated duration: 21 days

Relevant as long as EURNZD is above 1.7580

Note: The potential drawdown is a re-test of 1.7680. We are still uncertain if this is an early entry, we are willing to absorb the potential drawdown should it materialize.

In an event EURNZD does re-test 1.7680 in tomorrow's session, if we are too close to the market prior to the Non-Farm Payrolls (on Friday) we may temporarily widen the protective stop due to the spread widening.

This is a daily entry.
تعليق
Our entry in EURNZD was early as the price is re-testing 1.7730 at the time of this writing (which was highlighted on the chart).

We decided to provide more room for the trade, the protective stop may require further adjustments. We are shifting EURNZD protective stop to 1.7796.
أغلقت الصفقة: تم الوصول لوقف الخسارة
Beyond Technical AnalysisTrend Analysis
IgorParshin

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