Tuesday, November 27, 2012

EURNZD Triangle Trade

myfxvoyage.blogspot.com EURNZD Triangle Trade
EURNZD H1
A triangle trade is coming up in EURNZD pair on hourly charts.


On the lower side we got the trendline which has supported price since 20-Nov. On upper side we got trendline which has supported price since 22-Nov. 



My strategy is to go long on break and hourly close above upper trendline. And will go short on break and hourly close below lower trendline.

Although I dont trade this pair, but the setup looks promising. I might try with small size.


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