EURNZD OUTLOOK

TRADE I
Tendency: Temporary Downtrend (Bearish)
Structure: Trendline | Breakout
Observation: i. Expecting a trendline (red) breakout (indicated on chart with red circle) as price action breaks 1.71000 support.
ii. Expecting trendline breakout to hit the green trendline in anticipation of an upward move.
iii. Price below Moving Averages on lower time frames.
Trading Plan: SELL with a potential TP1 and TP2 with 1,430pips and SL @ 1.80000/1.85000 zone.
Risk/Reward: 1/2
Potential Duration: 15 to 20 days

** Please note that Stop Loss is subject to individual risk appetite per trade and account size.

Watch this space or channel for follow-up plan on lower time frames as price action is been monitored.


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Nirvana! Forex Trades & Investments
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