FxFortuna

EURNZD Trend Parallel channel Analysis

Short
OANDA:EURNZD   Euro / New Zealand Dollar
this particular signal was sent to our channel on forth of jun.

simple but effective we had a bearish trend line so we drew a channel and waited for the price to touch the top line then we wait for another confirmation which is candle stick pattern and after an engulf candle stick we entered the trade. the stop loss would be at the top of the shadow of top line so if the channel got broken we get out of the trade with a little bit of loss normaly we expect 20-40 pip of SL and 100 pips of profit.

to see the exact signal and the new ones you can join our telegram channel the link can be found on bio section of our profile take care and have a good trade guys.

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