TradingAxis

EURNZD > Amazing Uptrend, Still Looking for A Buy!

Long
FX:EURNZD   Euro / New Zealand Dollar
Analysis of #EURNZD


i previously published an idea on this exact setup and indeed it worked and hit tp, now the same setup but with little less confidence as the trend line has been used 5 times before hence, I have currently have less confidence in this trade than when it hit for the fifth time.

I will be waiting to see if the market will come for the sixth touch looking for a reversal pattern on the lower time frame near trend line support similar to the double bottom that happened previously when it touched for the fifth time.

if the market did not stop at trend line support I would still be looking for a buy as the trend still to the upside as long as we are above 1.61500.


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Thanks for your continued support!


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