EURNZD repetitive pattern for LONG entry
This EURNZD chart highlights a consistent price movement pattern that repeats over time, providing a reliable structure.
It's a clear pattern repeating consistenly and succesfully the last 3 times.A break of the trend line followed by a pullback showing rejection.Right now the pattern is incomplete.If the followup will show us another pullback with rejection than it might make a good candidate for a long entry with a decent R/R
It's a clear pattern repeating consistenly and succesfully the last 3 times.A break of the trend line followed by a pullback showing rejection.Right now the pattern is incomplete.If the followup will show us another pullback with rejection than it might make a good candidate for a long entry with a decent R/R
Note
price made a pullback as expected respecting the previous pattern perfect and price,on 28.10
closed above the previous swing high indicating good pottential for more upward movement.It might be a good idea to move the stop loss to a breakeven level or reduce it by a certaing percentage at least.The structure looks solid enough.
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