lebanonforex

eurnzd longterm opportunity

Long
lebanonforex Updated   
FX:EURNZD   Euro / New Zealand Dollar
the pair is backed by an uptrend on h4 and daily
if you go down to h1 time frame you can see a double bottom pattern
the price has breakout the neckline at 1.67982 mqking some pips 20 pips and the current candle is under the neck line so we have to wait more confirmation about the validity of this chart pattern

any way the paird is backed by an uptrend so whats the possible scenarios ?


  • place a buy stop above last high at 1.6830
    wait for the trend line test @ 1.6695
    wait the pair to retest the double bottom leg
Trade active:
runing + 100 pips from the bottom area

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