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jojofang0901

EURNZD Time for bullish reversal

Long
Euro / Dollar Néo-Zélandais (OANDA:EURNZD)  
jojofang0901 Mis à jour   
OANDA:EURNZD   Euro / Dollar Néo-Zélandais
Chart Patterns Parallel Channel Flag priceaction structure pattern impulse correction Wedge
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chartpattern parallelchannel flagpattern priceaction structure pattern impulse correction wedgepattern

hello traders:

EURNZD has been dropping very hard since October last year. We see bearish price action to continue pushing the price down.

However, in the latest price action, we see a descending channel has been form, correcting the price to a HTF double bottoms.

This could be the first sign of the bearish momentum may be exhausted, and bullish price action is imminent.

LTF has a sharp , reversal impulse up, waiting for continuation would be nice to get in one this bullish reversal.

Thank you
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