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
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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.
Comment
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Comment
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1.68 is our second target. And still third one is on our waiting list.