Hey traders, here is the analysis for the EURNZD. Let me know if you guys have any questions in the comment section. If you guys like my analysis please hit like. Thanks. NOTE - Please do your own analysis before taking the trade.
On the EURNZD daily time frame, we can see its breakout the final resistance created last year in December. We also found its breakout a Ninety-degree reverse shield pattern as well :D. We are expecting a further bullish move starting the current price zone.
EUR NZD has made a bullish channel since 5 days and recently It got rejected from upper trendline.
The rejected has been made in past from the same nearest point by this resistance.
On long term plan we are bullish all the way. But we can take a small sell opportunity here and wait for the evidence and next possible move on next support.
What are your views...
Welcome to our Trade Setups - May 24th ( EURNZD ) !
ENTRY LEVEL @ 1.69583
SL @ 1.71084
TP @ 1.65082
Max Risk: 1% - 3%!
Risk/Reward Ratio: 3
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