I posted in my previous post that Logic often works and trend continues when we see a candlestick trap, and That is what has really happen in recent Eur/nzd rally as we have seen On Monday morning when price open with gap, and With a strong 50 pips gap in the "context" is too elongated.
After two day activity price went from one extreme to another and when this type of activity happen the market often do this type of pattern with again the trend strong breakouts and price reverse from the low of that correction ends.
Logic and consciousness is required to trade the recent setup in Eur/nzd
The Idea is if we look into overall context then we must remember that Idea to go short here prior to a high risk event has No logic as price does often can spike and continue rising and entry was offered at 1.5610 area and With strong candle from the lows it is almost impossible to calculate the stops. So, We should be conscious enough to buy with bearish breakout low and stops should be tight as In this case
