EURNZD has been bullish and has currently bounced off of trendline support.
Price has currently broken out of a 1H corrective pattern with a 1H double bottom pattern off of trendline support.
Price is currently retesting the corrective structure's resistance and if price can hold above corrective structure, I will be looking to get long to the next zone of resistance at around 1.73302.
Price has currently broken out of a 1H corrective pattern with a 1H double bottom pattern off of trendline support.
Price is currently retesting the corrective structure's resistance and if price can hold above corrective structure, I will be looking to get long to the next zone of resistance at around 1.73302.
Trade active:
Currently long EN.
Plotting down to the 15M, a successful retest seemed to have happened at the close of the 4:45 AM EST candle.
Plotting down to the 15M, a successful retest seemed to have happened at the close of the 4:45 AM EST candle.
Comment:
35 pip stop 90 pip TP for an estimated 2.57R
Trade closed: stop reached:
EN couldn't hold above the correction and has stopped us out for a small loss.