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PawnMeNot
Jan 30, 2018 2:01 PM

Long NZD/SGD Long

OANDA:NZDSGD1D
NZD/SGDOANDA

Description

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Daily:
Price broke above horizontal resistance turned support line at 0.960
Price is on an uptrend channel and is staying above on a well supported 21 MA
Bullish wicks can be found on 4H chart

Position: Long
Entry: 0.9615
Stop Loss: 0.9555
Target: 0.9735
Risk:Reward = 1:2

Trade closed: stop reached

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Although this got stopped out, my previous post yield me a risk:reward ratio of 1:3, no losses incurred with the 2 trades.
Trend AnalysisChart Patterns
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