*Update* [W] EUR/NZD long

FX:EURNZD   Euro / New Zealand Dollar
33 1 2
After the inital long setup on EUR/NZD failed, the price went down to hit a support line, which is getting more and more important. If the support doesn't get broken in the near future, the price is likely to go up again. The upper trendline of the forming wedge limits the price, but if it gets broken, the price could go up towards 1.849 NZD. As the trade can be stopped just below the recent lows, the risk reward ratio is very juicy. A more secure approach would be to split the trade into two and take the first profit at the upper trendline . Good luck!
Agree...only one comment!Wait for Brexit before doing anything!If UK leaves the EU any SL you put would be blown away
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out