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
Recommended Lot Size: 0.05 @ 10 K Account with 1:100 Leverage
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.
Subscribe to our services free of charge
Subscribe to our premium packages if you would like to get 1000+ instruments analysis and trade signals of Chartreadreadepro.
If you find our content useful, you can donate via PayPal.
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.
You can contact us via Skype User Name: Chartreaderpro
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.