MyFxPicks

EURNZD | A Counter Trend Setup

Long
FX:EURNZD   Euro / Dollar Néo-Zélandais
In our previous setup on this pair we failed to secure a move due to our being stopped out; our entry was a bit too early, and as a result we were stopped out.

In this setup, although bearish overall, we are trying to catch some of the recoveries price is likely to make due to the dump. Bear in mind that the setup is a bit too risky since overall price action is heavily bearish.

Trade well and all the best.

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