NZDUSD:Pending Buy Setup (#7 Trade)

Price is moving into a rising channel and is retracing to its lower parallel into a corrective structure. Buying the retest of the parallel is a nice idea.

Setup: Buy

Entry level: 0.69286
Stop-loss: 0.69078
Target: 0.69800

Risk/Reward: 2.6:1

Trade with care,
John

DISCLAIMER: You are solely responsible for your trading. The possibility exists that you could sustain a loss in excess of your initial investment.

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