Buy EUR/NZD Triangle Breakout

The EUY (EUR/NZD) pair on the M30 timeframe presents a potential buying opportunity due to a recent upward breakout from a triangle pattern.

Key Points:

Buy Entry: Consider entering a long position around the current price of 1.7725, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum.

Target Levels: Initial bullish targets lie at the following levels: 1.7813 and 1.7870

Stop-Loss: To manage risk, place a stop-loss order below the broken support line of the triangle, ideally around 1.7680. This helps limit potential losses if the price reverses and breaks back downwards.

Thank you

Transaction en cours