ForexExplained

EUR/NZD Short Result

Short
FX:EURNZD   Euro / New Zealand Dollar
After posting a signal on this pair, the result gave us a 3.5RR return. Why did I sell? I sold because the price was ranging and breaking new highs. At the new high it had reached, many traders may have wanted to press in on the bullish momentum. This is the perfect time for a reversal. As the price did.
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