Wait for the retest of the bright blue-green declining trendline on the 1HR chart and enter on success
Looks clean, initial TP will be at the previous swing highs as indicated
Depending on momentum at this point may leave in 30% to try to run higher as the shape height suggests the TP should be nice and high
Stops just below a key SR level, not risking more than...
+The price is within a beautiful downward triangle, which if the trend line breaks, can have a good climb which can be risk averse.
+If you have any questions, be sure to comment.
ENTER: After breaking the trend line
STOP LOSS: 1.83224
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See you later
Ok so the NEw York session is in full swing and I took EURNZD buy for this one... have a small profit already. Below are the details of the trade!
TP 1.69465 with a chance of rising it to 1.69725.
Here we have a contraction leading to a support level, the support levels were tested x3 times in the last 24 hours or so and we are now...
I'm sharing this interesting long term trade idea on EURNZD pair. We have two solid intact trendline on this pair Ascending and descending trend line. This particular trade is based on the ascending trendline which is intact since 2017 and agian we have seen a nice bounce from the trend line and from a major level. We can already see a bullish reversal...