EURNZD Shorter Term Trendline Breakout and Short Opportunity
Pair / Instrument: EURNZD
Time Frame: H1
The trend in the Timeframe: NEUTRAL
The trend in the Daily Chart: BULLISH
Description: EURNZD is testing the rising trendline support. An SHS pattern formation is seen as well. Breakout of the trendline – the neckline of the SHS – will trigger the bearish move.
Trade Based On: Trendline Breakout
AREA OF THE ENTRY: Estimated breakout level 1.77700
STOP LOSS : 1.78000
TARGET 1: 1.77400
TARGET 2: 1.77000
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DISCLAIMER: This is a technical analysis study, not an advice or recommendation to invest money
EURNZD: 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 responsibilit