Reason for Selling EUR/NZD :
EUR/NZD is moving up without breaking out the bottom level for more times.
But in the 6th attempt, EUR/NZD breakout the bottom level.
We have given the sell signal after the confirmation of Breakout at the bottom.
After Breakout, market re-tested the Breakout level and went down 900 points, but didn’t reach our target level.
EUR/NZD moving down in technical way, but the fundamental effect of “ECB Interest rate decision” makes the market to move up in short time.
In Forex market, Fundamental wins 20% of the time, technical wins 80% of the time. On this trade, fundamental wins at this time.
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