EURNZD: Very Bullish Setup 🇪🇺🇳🇿
Take a look how perfectly EURNZD has respected the confluence zone based on 786/50 retracements of the last bullish impulse.
The market was nicely rejected and formed a double bottom formation then.
I am currently holding my buy limit order on a retest of a broken neckline of a double bottom.
Initial target will be 1.645.
Stop loss lies below the lows of the pattern.
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