EURNZD High Probablity Buy Set up with Good Risk Reward
Lots of good things happening here. Price is at a key support level that has been confirmed previously by two Bullish Engulfing, and has confluence wit S1 pivot support. Two Bullish Engulfings have recently formed. RSI 2 indicates oversold, There was a close below the lower Bollinger Band. Stochastic has moved upend we have a break of resistance of an ascending triangle pattern.
No Major resistance levels until R1.
Risk is 1 to 1.8
Look at highlighted yellow square for a similar set -up
No Major resistance levels until R1.
Risk is 1 to 1.8
Look at highlighted yellow square for a similar set -up
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.