EURNZD Potential long trade!

As you can see this is a risky trade knowing that this pair is currently on a downtrend and we're betting on the price bouncing from the 1.7020 area. Resistance are both backed by the previous 1st lower low and the lower high of the pair. While the support is based on the current lower low. SL is well placed about 10-15 pips below the support level.

Make sure to wait for confirmation and don't buy on a sell momentum but when the price is going up creating a strong bullish candle after getting rejected from 1.7020-1.7025 zone.



HAPPY TRADING!