EURNZD 15 Minute Timeframe - Buy
Entry at Market 1.63605
1st Target 1.6473
2nd Target 1.6650
Stop Loss 1.6300
Descending Wedge Trade
Please do your own analysis before entering any trade. Typically Descending Wedges will reach the high that started the wedge, but sometimes they go higher. 2nd target is previous support before major break yesterday.
1st Target 1.6473
2nd Target 1.6650
Stop Loss 1.6300
Descending Wedge Trade
Please do your own analysis before entering any trade. Typically Descending Wedges will reach the high that started the wedge, but sometimes they go higher. 2nd target is previous support before major break yesterday.
Note
This setup is still active - please pay attention to the close of candles and wedge support/resistance. I could have more accurately drawn the wedge on the chart above, 3 touches on top, 3 on bottom with current candle wick protruding past.
I'll wait for a close outside of the wedge before nullifying this opportunity. This idea also lines up nicely with the though process behind NZDUSD current price action, so I'm still confident we have a good trade here.
Trade closed: stop reached
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.