EURNZD LONG TERM TRADE LONG
Updated
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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