EUR/NZD had been in an uptrend for awhile. On the top of 4hrs chart, the trend had some pull back to the last resistance which makes a new support around 1.6400 area. A pair had confirmed a 1.6400 new support area and continue back on an upside. Potential target for this trade is on 1.6800 below the last pin point on May 9 daily candlestick. If this trade didn't come out as expected, the stop loss will be at 1.6395
Note
Got a little pull back but the price still bounces back from the trend line.Trade closed: stop reached
Market break trend line and reach SL
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.
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.