EURNZD LONG setup.

The price follows a trend channel for now..
the resistance line in the trend channel have ben hit
twice. and probably will hit it the third time.
therefore completing a trend channel cycle
(hitting 2 times support and 3 times resistance line)

If the price breaks 1.71528 we will see
the price to follow the 5 wave sequence.
which is 1.13 on fibonacci drawn from
((i)) to ((iii))

if the price fails to break the 1.71528 level
than we could see a consolidation back to
1.65318 ish

Wave ((iv)) hits 0.707
on fibonacci levels.

TP will be 1.78891
SL at 1.67206