Hi everyone:
We have a nice potential long entry on EURNZD, as the 4 hr chart formed a falling wedge pattern, rejecting support around 1.5325. When we take a look at the higher time frames, daily chart had a strong bullish run to the upside, and now the pullback could be finished and we can see a higher low developing to take it to the upside.
Multiple TPs in this nice risk/reward trade.
Target 1: 1.5500
Target 2: 1.5675
Target 3: 1.5875
Thank you for your support and feedback.
We have a nice potential long entry on EURNZD, as the 4 hr chart formed a falling wedge pattern, rejecting support around 1.5325. When we take a look at the higher time frames, daily chart had a strong bullish run to the upside, and now the pullback could be finished and we can see a higher low developing to take it to the upside.
Multiple TPs in this nice risk/reward trade.
Target 1: 1.5500
Target 2: 1.5675
Target 3: 1.5875
Thank you for your support and feedback.
Note
Here is the daily chart:Note
Beautiful breakout of the wedge now. Trade closed: target reached
TP 2 hit!Trade closed: target reached
3rd TP hit.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.