This is my chart analysis behind the EURNZD long position I'm currently in. On the chart, you can see major confluence around the 1.73500 level, which is a key level. We can see the pair break the support, then retest before continuing to go up. My exact entry was at 1.73547. Although I don't rely heavily on indicators, all 3 of my indicators (2 MA & 1 EMA) show support right below my entry level. I expect this pair to move the full 275 pips to my TP level at 1.76250, and possibly even higher than that.
To summarize: I entered this trade because a major resistance level was broken, then retested as support (1.73500). This retest was right after a large move to the upside, so I would consider that to be a "correction" phase, before a continuation to the upside, where I have my TP level. I have already taken partial profits (25% of my lot size) at 1.74500 (100 pips from entry).
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