hey traders,
very nice setup to trade on euro new zealand.
though pair is very bearish,
we see how bullish pressure is rising after the market has reached 1.63 support level.
the market was trading inside a falling parallel channel and now we see a potential bullish breakout of this channel
and formation of an inversed head and shoulders pattern.
I will be waiting for bullish violation of a neckline to buy the market.
my initial target will be around 1.68
and the second around 1.69
good luck!
Note
test of the neckline
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✅Join My Telegram Channel: t.me/VasilyTrading
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✅ Facebook: facebook.com/VasilyTrading/
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Related publications
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.