FX:EURNZD   Euro Fx/New Zealand Dollar
We will be looking to enter on the H4 chart with a breakout above the most recent down trend line (which also coincides more or less with the daily trend line) and the most recent high. Once that happens, wait for a pullback that will first of all confirm the breakout and second – it will improve the risk:reward on the trade. Only when go for a buy.

Stop Loss – below 1.5400.

Target 1 – 1.5900.

Target 2 – Until bearish divergence forms.
harryyg
3 months ago
Not sure about that. Higher probability of going down in the short term (H4) as it has just printed a bearish engulfing bar on trend line. Also, there is bearish div on H4
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