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Eurnzdlong

EURNZD Quickie! 15M / 2.5Hey Hey Hey, Let's continue making money today. I saw a chance on the EN ! Here's the setup: Entry Order (Buy): at 1.65578 Stop Loss: at 1.65454 Profit Taking: at 1.65889 With this setup, we are risking 124 pips for the reward of 311 ! P/S: Just to let you know, by the time I posted this, I have an order triggered at the same level I posted. I have to, because I normally trade in 15M timeframe, which require a quick action. DO NOT FOLLOW what I did unless you are ready to increase the risk of having more than 124 pips if it touched SL. Good luck fellow traders!
Long
by mimlin
2
EurNzd- are "we" breaking up?Although the trend is grossly down for EurNzd, from the beginning of the year, the drop in the pair was marginal, forming a falling wedge. A bottom seems to be in place at this point at 1.6650 zone and is marked by a double bottom on shorter time frames. Now the pair is trading at 1.68 which is also the resistance of the wedge. A break here would expose 1.7 zone and 1.73 furthermore (the target for the pattern) Buying dips can be a good strategy for this pair
Long
by Mihai_Iacob
9