EURNZD Long Idea
Updated
EURNZD has been bullish and has currently bounced off of trendline support.
Price has currently broken out of a 1H corrective pattern with a 1H double bottom pattern off of trendline support.
Price is currently retesting the corrective structure's resistance and if price can hold above corrective structure, I will be looking to get long to the next zone of resistance at around 1.73302.
Price has currently broken out of a 1H corrective pattern with a 1H double bottom pattern off of trendline support.
Price is currently retesting the corrective structure's resistance and if price can hold above corrective structure, I will be looking to get long to the next zone of resistance at around 1.73302.
Trade active
Currently long EN.Plotting down to the 15M, a successful retest seemed to have happened at the close of the 4:45 AM EST candle.
Comment
35 pip stop 90 pip TP for an estimated 2.57RTrade closed: stop reached
EN couldn't hold above the correction and has stopped us out for a small loss.
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