EURNZD Price Action Reversal Pattern: Double Bottom 🐂📈
🚀 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! 💪💹
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Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.