In the recent market movements, the #EURNZD currency pair has exhibited a significant development by entering a wave 5 exhaustion phase. This phase was followed by a crucial event where it broke through all support lines, including the ones marked in blue and the green support areas. This breach has led to a substantial movement of over 300 pips, signifying a notable shift in the market dynamics.
As a proactive measure in response to these market changes, a strategic decision was made to adjust the stop-loss level. The stop-loss has been effectively moved to 1.8282, a decision that was communicated and shared with members in the exclusive VIP room. This adjustment reflects a calculated approach to risk management and trade optimization, ensuring that potential losses are minimized while allowing for continued participation in the evolving market conditions.
The strategic manoeuvre of adjusting the stop-loss level to 1.8282 demonstrates a commitment to prudent risk management practices and a proactive stance in navigating the market fluctuations. By sharing this update with members in the dedicated VIP room, transparency and collaboration are fostered, creating a conducive environment for informed decision-making and collective learning within the trading community. By having the PRICE ACTION CHARTS with 12 months coaching you can see how to trade with the regular updates by Chris [Head Coach and trader for over 30 years] in order to become a very successful professional trader.
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