EURNZD - Bullish Attempt at Support, #2

FX:EURNZD   Euro / New Zealand Dollar
Last week's bullish run past 1.5450 zone was unsuccessful. However, we now have an even more favorable setup.
A double bottom has formed at 1.51; the setup even shows a higher second bottom, which is very much in favor of bulls. (Approximately 18 pips higher than the first bottom.

The more aggressive traders can enter now with a stop loss at 1.5050, and a target just short of 1.5450.

The more conservative traders can enter at 1.55, with a stop loss just below 1.5450 zone.

This is a pearl-in-a-clam setup, in my opinion and could make traders anywhere from 100 to 200 pips.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out