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EURNZD Bearish Flag Pattern And Short Opportunity

Update / Result: TP2 Reached Trade is Active

EURNZD Bearish Flag Pattern And Short Opportunity

Description: Chartraderpro finds a forming Bearish Flag Pattern on H1 Chart Timeframe. The patten is a bearish continuation pattern after a bullish retracement.

Pair / Instrument: EURNZD

Time Frame: H1

The trend in the Timeframe: Neutral

The trend in the Daily Chart:  Bulllish

Trade Based On: Bearish Flag Pattern

Accuracy: %83

Recommended Lot Size: 0.05 @ 10 K Account with 1:100 Leverage

Trade: Short

The Area Of The Entry:  1.77990

Stop Loss: 1.77480

Target 1: 1.77700

Target 2: 1.77200

Target 3: 1.76800

What to Pay Attention:

Update / Result: TP2 Reached 70 Pips.

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Rules To Keep In Your Mind:  Trade Safe. Money  Management is the key to success in forex trading. Do not risk more than 1% of your account in each trade.

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DISCLAIMER: This is a technical analysis study, not an advice or recommendation to invest money

EURNZD Bearish Flag : Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. Chartreaderpro does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.

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