NZDUSD Triangle Breakout And Trade Idea
Pair / Instrument: NZDUSD
Time Frame: H4
The trend in the Timeframe: NEUTRAL
The trend in the Daily Chart: BEARISH
Description: NZDUSD is trading in a symmetrical triangle. A bearish breakout is predicted.
Trade Based On: Triangle Breakout
Entry: 0.67800 / Broken the line
Stop Loss: 0.68100
Take Profit 1: 0.67400 / TP1 Reached
Take Profit 2: 0.67200
Take Profit 3: 0.66900
Update: We take profit at 0.67200 60 pips
Note: Entry alert will be sent to members as soon as the trade is executed. We may see a bullish breakout as well. Entry , TP and SL levels of a possible Long trade will be sent to members. Wait for our entry alert.
You can follow the idea: NZDUSD Triangle Pattern
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
NZDUSD: 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