Here is update of trade Eur/Nzd chart
with Explanation
As You can see in the chart pair breakout from a level and real maintained a level above after building strong reference points, on neutral days and when value shifts in such case,the breakout was false and it was another bearish engulfing trap, that ends with some congestion candles.
When You have such scenarios then you always look with the first attempt out of that failure with strong rise from the false breakout level and that is the good part with very low risk and possible very good reward and In the end I have to cover with some strong rally to the downside, And If you watch the chart carefully when value shifts and price and when it test the area then most of time that area is protected and that is also the low or recent rally
Stay tuned for more updates !