🚀 Hallo traders! Welcome to TCPLTP Technical Analysis! 🚀
Today, we're looking at EURNZD 🇪🇺🇳🇿, which has formed a powerful Price Action Reversal Pattern: DOUBLE BOTTOM! 📈
The price has successfully broken above the neckline at 1.79230, signaling a potential bullish trend reversal. 📈📈
Currently, the price is consolidating with 14 H4 bars, resembling a daily doji candle, hinting at possible bullish momentum building up. 🕯️💹
For this trade, we've set stops at the 50 percent height of the double bottom to manage risk effectively. ⚠️
Our Fibonacci-based targets, calculated from the height of the double bottom, are as follows: 🎯
🎯 Target 1: 100% AB at 1.81617
🎯 Target 2: 150% AB at 1.82842
🎯 Target 3: 200% AB at 1.84020
🎯 Target 4: 250% AB at 1.85216
Keep a close eye on EURNZD, as it shows strong potential for a bullish run! Happy trading! 💪💹
Today, we're looking at EURNZD 🇪🇺🇳🇿, which has formed a powerful Price Action Reversal Pattern: DOUBLE BOTTOM! 📈
The price has successfully broken above the neckline at 1.79230, signaling a potential bullish trend reversal. 📈📈
Currently, the price is consolidating with 14 H4 bars, resembling a daily doji candle, hinting at possible bullish momentum building up. 🕯️💹
For this trade, we've set stops at the 50 percent height of the double bottom to manage risk effectively. ⚠️
Our Fibonacci-based targets, calculated from the height of the double bottom, are as follows: 🎯
🎯 Target 1: 100% AB at 1.81617
🎯 Target 2: 150% AB at 1.82842
🎯 Target 3: 200% AB at 1.84020
🎯 Target 4: 250% AB at 1.85216
Keep a close eye on EURNZD, as it shows strong potential for a bullish run! Happy trading! 💪💹
Note
Note
Note
Note
Note
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.
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.