KVE
Long

EUR/NZD: Butterfly confluence with larger bat and support!

FX:EURNZD   Euro Fx/New Zealand Dollar
44 2 4
In case we don't get above the resistance zone (see previous idea) we could have confluence of 2 possible bullish butterflies completing in the PRZ of the possible larger bullish bat and at the support zone!

This is an update of a previous idea identifying the larger bat patterns and thus entry, SL and targets are the same.

A 40-30-30% distribution over the TP's looks good to me since the influence of the horizontal channel between the support zone below and the resistance zone above could be strong.

Alternative scenario here:
EUR/NZD: BUTTERFLIES ON THEIR WAY TO BREAK RESISTANCE?
Updated chart and C of butterflies, same targets!
snapshot
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I'm in, so far so good...
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