EURNZD

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EURNZD shorts are running nicely, pushed down as expected. However, price is now rejecting a key trendline where we may see either a pullback or a push back to the highs.

So to cover myself I am taking a long trade to expose myself to whatever happens! If the long trade takes a loss then my short runs into more profit so no loss, whereas if we push up from here I would take a breakeven but hedging a long allows me to be involved on both sides of the market.

Let the market decide where it wants to go, trade with no ego.

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ملاحظة

Long trade got stopped out, we have broken the trendline, confirming that our short has much more downside potential 😏🤪