Analyzing Bullish Patterns in EUR/NZD: An Experimental Forecast
EUR/NZD appears to show a bullish pattern as the AB wave line exceeds the CD wave line. Based on this observation, I expect a bullish movement in this scenario. Please note that this concept is experimental, and if the market does turn bullish, the target is projected to be 1.82232. This setup also includes a stop loss, which I have set below 1.79884. Let's see what happens next.
Note
This costume indicator suggests that the 1-hour chart is likely to turn bullish.Note
Trade active
Closed the buy position and now selling double.Note
Now running double sell position and the TP marked in chart
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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.