Hi guys, this evening i want to share with you a nice setup on EURNZD. The black line represents a daily structure level that should act as support: indeed, price failed to break that level and instead it has created a double bottom with RSI divergence. Then, price also broke to the upside the neckline and it's now pulling back to 618 retracement that seems to hold. According to the 2618 strategy we can buy here and have our first target at the retest of the highs, with stops below 1,52 level. Target2 to be determined.
If you want to share your view or ask questions, feel free to comment below. Otherwise, see you in the next chart!