Euro / New Zealand Dollar
Long
Updated

EURNZD - Bullish H&S - the pattern which begins the big trend?

55
A bullish H&S seems to be forming the right shoulder right about now. This formation, indeed, could be the pattern that begins the big up move, with the end of a consolidation lasting several months.
It is very worthy to take a long position here.
Entry level: 1.468
SL: Below head (1.453)
Final Target: 1.9 (that's right!)
Trade with care,
Note
On the Daily timeframe, strong divergence

snapshot
Note
snapshot
Note
snapshot
Note
At the neckline.
snapshot
Note
Stop in BE - possibility of one more downward move in the channel.
Note
Our stop loss was triggered in break even, but we are in the buy again on this 60min pullback. Stop loss below previous low. 1st target: 1.48500. Final Target: 2.0 (!)

snapshot
Note
snapshot
Note
In the breaking.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.