EURNZD Price Action Reversal Pattern: Double Bottom ๐๐
๐ Hallo traders! Welcome to TCPLTP Technical Analysis! ๐
Today, we're looking at EURNZD ๐ช๐บ๐ณ๐ฟ, which has formed a powerful Price Action Reversal Pattern: DOUBLE BOTTOM! ๐
The price has successfully broken above the neckline at 1.79230, signaling a potential bullish trend reversal. ๐๐
Currently, the price is consolidating with 14 H4 bars, resembling a daily doji candle, hinting at possible bullish momentum building up. ๐ฏ๏ธ๐น
For this trade, we've set stops at the 50 percent height of the double bottom to manage risk effectively. โ ๏ธ
Our Fibonacci-based targets, calculated from the height of the double bottom, are as follows: ๐ฏ
๐ฏ Target 1: 100% AB at 1.81617
๐ฏ Target 2: 150% AB at 1.82842
๐ฏ Target 3: 200% AB at 1.84020
๐ฏ Target 4: 250% AB at 1.85216
Keep a close eye on EURNZD, as it shows strong potential for a bullish run! Happy trading! ๐ช๐น
Today, we're looking at EURNZD ๐ช๐บ๐ณ๐ฟ, which has formed a powerful Price Action Reversal Pattern: DOUBLE BOTTOM! ๐
The price has successfully broken above the neckline at 1.79230, signaling a potential bullish trend reversal. ๐๐
Currently, the price is consolidating with 14 H4 bars, resembling a daily doji candle, hinting at possible bullish momentum building up. ๐ฏ๏ธ๐น
For this trade, we've set stops at the 50 percent height of the double bottom to manage risk effectively. โ ๏ธ
Our Fibonacci-based targets, calculated from the height of the double bottom, are as follows: ๐ฏ
๐ฏ Target 1: 100% AB at 1.81617
๐ฏ Target 2: 150% AB at 1.82842
๐ฏ Target 3: 200% AB at 1.84020
๐ฏ Target 4: 250% AB at 1.85216
Keep a close eye on EURNZD, as it shows strong potential for a bullish run! Happy trading! ๐ช๐น
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