The EURNZD has shown signs of an advancing phase from 1.75 to 1.8 but has since halted in printing higher highs, indicating a potential shift in momentum. Traders should exercise caution and closely monitor the price action for further clues on the direction of the market.
The initial Trade Plan was:
Entry Point: 1.754
Stop Loss: 1.7442
Lot Size: 0.17 Lots
Risk Reward Ratio: 1%
Take Profit 1: 1.7638
Take Profit 2: 1.7736
It's important to remain adaptable in trading and reassess the trade setup as new information unfolds. Traders may consider tightening stop losses, trailing profits, or exiting the position entirely based on evolving market conditions.
The initial Trade Plan was:
Entry Point: 1.754
Stop Loss: 1.7442
Lot Size: 0.17 Lots
Risk Reward Ratio: 1%
Take Profit 1: 1.7638
Take Profit 2: 1.7736
It's important to remain adaptable in trading and reassess the trade setup as new information unfolds. Traders may consider tightening stop losses, trailing profits, or exiting the position entirely based on evolving market conditions.