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EURNZD May Reverse! Trading Plan
Euro / New Zealand Dollar
Long
EURNZD May Reverse! Trading Plan
By VasilyTrader
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Jan 13, 2020
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Jan 13, 2020
good morning traders!
I have been following EURNZD for a quite long period of time.
from October the market is trading within a falling parallel channel.
for three months the market is steadily going down and we haven't seen a pullback.
recently the market has reached a strong horizontal support level
and I expect a bullish reaction from it.
for confirmation, I will be waiting for a bullish breakout of a falling channel.
target levels will be based on structure: 1.70 / 1.73
stop will be below the lower low within the channel.
*if the market goes lower and sets new lower low within the channel, our setups will be invalid
Chart Patterns
Currencies
EUR
EURNZD
euro
Forex
Technical Indicators
newzealanddollar
NZD
Technical Analysis
trading
Trend Analysis
VasilyTrader
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