We’re grateful to have a trending market like this one, the NZDUSD to learn trading profitably because this market faithful to the downtrend at almost every opportunity it get’s to retrace to the 8 or 21 day ema.
Here I took a blind entry few sessions ago at the 8ema and after going against me for some way, price resumes falling in harmony with the dominant downtrend.
Entry: 0.66070
SL: 0.67219
TP: 0.63247
for slightly over 2R.
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