EURNZD May Reverse! Trading Plan

https://www.tradingview.com/x/AyjMX1Tl/

good morning traders!

I have been following EURNZD for a quite long period of time.
from October the market is trading within a falling parallel channel.

for three months the market is steadily going down and we haven't seen a pullback.

recently the market has reached a strong horizontal support level
and I expect a bullish reaction from it.

for confirmation, I will be waiting for a bullish breakout of a falling channel.

target levels will be based on structure: 1.70 / 1.73

stop will be below the lower low within the channel.

*if the market goes lower and sets new lower low within the channel, our setups will be invalid