EURNZD lower swing high – 1.7300

This was a trading set up discussed with the in-person students over the weekend, looking for a nice rejection at the 1.7300 region which has acted as our left shoulder resistance, we are looking for history to repeat itself, however having already formed a new lower structure in the market we can start to see descending patterns showing themselves and giving us the opportunity to take advantage!

I am looking for a large swing to the downside into return of our previous low at 1.6620 before looking to extend into a new lower low structure with my target then being 1.6370, along with my swing position I will be looking to scale in upon each impulsive pullback!

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