On the NZDUSD H4 chart we have a Hanging Man candle stick directly below the upper trend line of a triangle.
I have include my current active trade. I will more than likely not be holding this over night as New Zealand has potential high impact news coming out from RBNZ on interest rates.
Option 1 (50pips)
- Entry: 0.7220
- SL: 0.7255
- TP: 0.7173
Option 2 (277 pips)
Entry: 0.7220
SL: 0.7255
TP: 0.7000 <- If we get a trend line break to the downside this would be the next stronger support
I have include my current active trade. I will more than likely not be holding this over night as New Zealand has potential high impact news coming out from RBNZ on interest rates.
Option 1 (50pips)
- Entry: 0.7220
- SL: 0.7255
- TP: 0.7173
Option 2 (277 pips)
Entry: 0.7220
SL: 0.7255
TP: 0.7000 <- If we get a trend line break to the downside this would be the next stronger support