Aug 8, 2019
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EURNZD H4: TREND RETRACEMENT

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EURNZD/ H4/ Technical Chart

Idea: Break trend line
Risk Management: 1 : 2.0
Breakeven: Every 35pips move down

Our Choice:
Long/Buy position above 1.7295 look for further upside with TP 1 1.7400 & TP 2 1.7525 as targets.

Alternative:
Short/Sell positions below 1.7255 with targets at TP 1 1.7105 & TP 2 1.7000 in extension.


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