UPDATED ANALYSIS ON EURNZD
We have to always adapt to what the market structure gives. unlike my previous analysis where we looked at the market to form the normal market cycle(impulse-correction-impulse), price now seems to be forming a bullish symmetrical triangle and might push up for a short-term buy before the bears would fully gain control in which I am interested in.
We would see how price reacts to this because I am after my risk reward ratio for a profitable trade.
We would see how price reacts to this because I am after my risk reward ratio for a profitable trade.
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