EUR/NZD Short
Minimum entry requirements:
• Tap into area of value.
• 1H impulse down below area of value.
• If 2 touch 5 min continuation, reduced risk entry on the break of it.
• If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it.
Minimum entry requirements:
• Tap into area of value.
• 1H impulse down below area of value.
• If 2 touch 5 min continuation, reduced risk entry on the break of it.
• If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it.
Comment:
"Under certain market conditions large groups of traders will all be trying to do the same thing — because of what they fear will or won't happen — upsetting the equilibrium, forcing prices to move in one direction."
Since most traders don't plan their trades or want to take responsibility for their outcomes they are highly susceptible to acting out of any number of fears."