eurnzd

EURNZD - LONG

Why are we entering?
- Price created an impulse and is in a correction
- Expecting NZD Weakness and EUR strength = EURNZD LONG.

What are we waiting for to happen?
- bounce off the bull flag support
- If we don't get a bounce there, look for the double bottom
- Break of WFB trendline

What is our confirmation?
- Bounce off one of the levels mentioned
- break of WFB trendline

Entry
SAFE Entry: Bounce of structure and then WFB
Risk Entry: Bounce off bull flag/double bottom

Once entered, where will our Stoploss be?
- Below the area where price bounces off

Where do we take profits?
- First TP: 1.653
- Second TP: 1.69
- Third TP: 1.71