EURNZD: 1000 pips on weekly chart to hunt?
Traders,
This strategy for this trade is so simple, just resistance and support zone .
EURNZD finished a reverse hammer last week and we traced a daily and 4h chart to find out our pending entry at 1.716 which was triggered .
Now this trade is making 260 pips profit.
On weekly chart, this is an unusual long-term sideways movement, so the strategy is easy just sell on the top and keep it to see if the bottom of the box will be broken by a strong bearish candlestick . Then down to next level we could see 1000 pips from the top of the box down.
Less is more!
This strategy for this trade is so simple, just resistance and support zone .
EURNZD finished a reverse hammer last week and we traced a daily and 4h chart to find out our pending entry at 1.716 which was triggered .
Now this trade is making 260 pips profit.
On weekly chart, this is an unusual long-term sideways movement, so the strategy is easy just sell on the top and keep it to see if the bottom of the box will be broken by a strong bearish candlestick . Then down to next level we could see 1000 pips from the top of the box down.
Less is more!
Trade closed: target reached:
We almost going to have our second target two, 1.68 hit this week.
But we have a out target one, 1.698 hit already, made 180 pips in pocket first.
But we have a out target one, 1.698 hit already, made 180 pips in pocket first.
Comment:
Comment:
1.68 is our second target.
And still third one is on our waiting list.
And still third one is on our waiting list.
Trade closed: target reached:
We had target 2 hit with 360 pips.
Comment:
Comment:
THE BOTTOME OF THE BOX.
