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
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✅Join My Telegram Channel: t.me/VasilyTrading
❗️YouTube Channel youtube.com/c/VasilyTrader
✅ Facebook: facebook.com/VasilyTrading/
⭐ My Forex & Gold Broker: bit.ly/vasilyforexbroker ⭐
❗️YouTube Channel youtube.com/c/VasilyTrader
✅ Facebook: facebook.com/VasilyTrading/
⭐ My Forex & Gold Broker: bit.ly/vasilyforexbroker ⭐
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.