EURNZD Buy Idea
We will be looking to enter on the H4 chart with a breakout above the most recent down trend line (which also coincides more or less with the daily trend line) and the most recent high. Once that happens, wait for a pullback that will first of all confirm the breakout and second – it will improve the risk:reward on the trade. Only when go for a buy.
Stop Loss – below 1.5400.
Target 1 – 1.5900.
Target 2 – Until bearish divergence forms.
Stop Loss – below 1.5400.
Target 1 – 1.5900.
Target 2 – Until bearish divergence forms.
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.