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Euro / New Zealand Dollar
Long

EURNZD Time for bullish reversal

By jojofang0901
Updated

hello traders:

EURNZD has been dropping very hard since October last year. We see bearish price action to continue pushing the price down.

However, in the latest price action, we see a descending channel has been form, correcting the price to a HTF double bottoms.

This could be the first sign of the bearish momentum may be exhausted, and bullish price action is imminent.

LTF has a sharp , reversal impulse up, waiting for continuation would be nice to get in one this bullish reversal.

Thank you
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Chart PatternscorrectionFlagimpulseParallel ChannelpatternpriceactionstructureWedge
jojofang0901

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