EURNZD Price Action Reversal Pattern: Double Bottom 🐂📈

2023년 8월 4일

🚀 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! 💪💹

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