VasilyPonomarev
Long

trading plan for euro new zealand: channel breakout and h&s

FX:EURNZD   Euro / New Zealand Dollar

hey traders,

very nice setup to trade on euro new zealand.

though pair is very bearish ,
we see how bullish pressure is rising after the market has reached 1.63 support level .

the market was trading inside a falling parallel channel and now we see a potential bullish breakout of this channel
and formation of an inversed head and shoulders pattern.

I will be waiting for bullish violation of a neckline to buy the market.

my initial target will be around 1.68
and the second around 1.69

good luck!

Comment: test of the neckline
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