EURNZD OUTLOOK
Price trading inside bullish channel but is currently approaching a key order block, thus creating a potential opportunity for a sell at the resistance level.
We had already marked the Key Level, but will make sure to look out for the price action before making any entries.
Impulse Short entries can be taken once price rejects that region.
We had our sells set up with potential downside in the R:R ratio of 1:5
SELL LIMIT ORDER
RR 1:5
EP: 1.69840
SL: 1.70050
TP: 1.68800
Price trading inside bullish channel but is currently approaching a key order block, thus creating a potential opportunity for a sell at the resistance level.
We had already marked the Key Level, but will make sure to look out for the price action before making any entries.
Impulse Short entries can be taken once price rejects that region.
We had our sells set up with potential downside in the R:R ratio of 1:5
SELL LIMIT ORDER
RR 1:5
EP: 1.69840
SL: 1.70050
TP: 1.68800