EURNZD has formed a double bottom pattern as it bounced off the 1.66500 support region twice. This signals a typical reversal to the upside. An entry point at this support level would've been appropriate with targets at 1.68500 and stops at 1.66000...
Price is expected to rally to test the descending trend line so long positions are probable til that region before looking for potential short setups.
N.B. Trading ideas subjective. Individual analysis advice.
Price is expected to rally to test the descending trend line so long positions are probable til that region before looking for potential short setups.
N.B. Trading ideas subjective. Individual analysis advice.
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