EURNZD reached +900 points after retesting the breakout level

EURNZD Retest analysis

Last week Friday, We are selling EURNZD depend on the breakout analysis.

EURNZD has moved in an uptrend by forming higher highs, higher lows in 1-hour time frame chart.

Recently EURNZD has broken the bottom zone of the Uptrend line.

EURNZD trying to retest the breakout level

EURNZD re-tested the breakout level again. This gives a good sell opportunity for EURNZD. 

EURNZD sell signal given while the market trying to re-test the breakout level.

Finally, EURNZD reached the take profit successfully.

NOTE: Some of the brokers who do stop-loss hunting or if the broker has high spread on EURNZD, the SL might be triggered.

What is Stop loss hunting in forex trading?

The market suddenly touches your stop-loss price and returns back to the normal market price or the spread will get wider to hit your SL price.

How to identify the Scam forex brokers? read here

If you like to receive more best forex signals and analysis at an accurate time, subscribe to premium or supreme signal plan here: forexgdp.com/forex-signals

If you need any help or have any questions, please click here to contact now.

FOREX GDP

Forex GDP team provides High Quality Forex signals services exclusively to all type of traders around the world. Each signal given with chart analysis that helps you to trade with confidence on your account. Forex GDP team worked with Major banks, Financial Institutions, Liquidity providers, Forex brokers in different job positions such as Equity Dealer, Fund Manager, Senior Market Analyst, Risk Manager and other major roles in Forex Trading Companies. Try free now to see the quality trades on your account.

FOREX GDP