Hanging Man Near Upper Trend Lin
On the NZDUSD H4 chart we have a Hanging Man candle stick directly below the upper trend line of a triangle.
I have include my current active trade. I will more than likely not be holding this over night as New Zealand has potential high impact news coming out from RBNZ on interest rates.
Option 1 (50pips)
- Entry: 0.7220
- SL: 0.7255
- TP: 0.7173
Option 2 (277 pips)
Entry: 0.7220
SL: 0.7255
TP: 0.7000 <- If we get a trend line break to the downside this would be the next stronger support
I have include my current active trade. I will more than likely not be holding this over night as New Zealand has potential high impact news coming out from RBNZ on interest rates.
Option 1 (50pips)
- Entry: 0.7220
- SL: 0.7255
- TP: 0.7173
Option 2 (277 pips)
Entry: 0.7220
SL: 0.7255
TP: 0.7000 <- If we get a trend line break to the downside this would be the next stronger support
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.