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NZDUSD - 3 to 1 Reward vs Risk trade
New Zealand Dollar / U.S. Dollar
Long
NZDUSD - 3 to 1 Reward vs Risk trade
By UnknownUnicorn483829
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Updated
Jul 30, 2019
3
Cheer
Cheer
Jul 30, 2019
Hello all - DuncanForex here with another trade idea
Although against the prevailing trend, NZDUSD has broken out from it's down trend.
It is currently at support where previously a head and shoulder pattern was created.
Based on this price action, I expect it to head higher to previous resistance.
I will be watching it closely and trailing my stops, however do expect this to head higher.
DuncanForex.com is now live, you're welcome to register for free to access a lot of free content.
Thanks for looking at my trade idea
Duncan
Jul 30, 2019
Comment
Hi all, buy stop moved lower so trade set up currently looks like this now
Jul 31, 2019
Comment
trade not activated as yet - buy stop may be removed prior to FOMC as will look to enter on a bullish pullback.
action
Candlestick Analysis
duncanforex
Economic Cycles
NZDUSD
price
Support and Resistance
tradeidea
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