EURNZD has finally arrived at last defend line, we bounced up last time from this area. If we do bounce and close above 1.727, I believe price next target is around 1.734. Tight SL with great reward.
RSI has finally ticked up a bit, still in the oversold area but slowly recovering. It seems like price is building some support candles, might wick down more, therefore I am placing SL 1.718.
Definitely a trade worth a shot.
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WELP, what a stop hunter. Setup still valid since support still holds, even more obvious with the wick taking out previous low.