Hello TradingView Family / Fellow Traders,
📈 EURNZD has been overall bearish, trading inside the falling channel in red and it is currently approaching the lower red trendline.
Moreover, the zone 1.73 is a robust support level.
🎯 Therefore, the highlighted red circle represents a significant area to consider for potential buy setups, as it marks the intersection of the blue support and lower red trendline.
📚 As per my trading style:
As EURNZD approaches the red circle zone, I will be actively searching for bullish reversal setups to capture the next bullish impulse movement.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Richard Nasr