EURNZD Bearish Channel 4H

The pair is in a well identified downtrend. Chances are high that it will return to the bottom of the bearish channel, where it would be an excellent opportunity to take profit and close bearish positions for this time frame.

Remember to be prudent in your strategies correctly placing the stop loss to protect bigger losses.

For more information you can contact us.

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The downward movement has occurred. Profits must be protected. For more information on how to do this you can contact us.