NZDUSD - 3 to 1 Reward vs Risk trade

ที่อัปเดต:
Hello all - DuncanForex here with another trade idea

Although against the prevailing trend, NZDUSD has broken out from it's down trend.

It is currently at support where previously a head and shoulder pattern was created.

Based on this price action, I expect it to head higher to previous resistance.

I will be watching it closely and trailing my stops, however do expect this to head higher.

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Thanks for looking at my trade idea

Duncan
บันทึกช่วยจำ
Hi all, buy stop moved lower so trade set up currently looks like this now สแนปชอต
บันทึกช่วยจำ
trade not activated as yet - buy stop may be removed prior to FOMC as will look to enter on a bullish pullback.
actionCandlestick AnalysisduncanforexEconomic CyclesNZDUSDpriceSupport and Resistancetradeidea

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