EUR/NZD Long call (Analysis, Biased and Trade Plan)

EURNZD Chart Analysis:
1. Dow theory- HH-HL
2. Bullish engulfer 2hrs ago
3. False breakout at Fib Retracement level 0.23
4. weekly support line at 1.644, close to fib 0.38 level
5. AB=CD pattern

BIASED LONG

Watch out level
(breakout at 1.6442 support level) OR Fib 0.38


Plan A
Take entry right now at 1.6523
SL at 1.6438 or at fib level, right below the support line

Plan B
Wait for further confirmation of the false breakout at fib 0.23 level,
Take entry at 1.6566
TP1 at point B=1.6625
TP2 at point D
SL, in this case, should be right below at point C
or at the support level

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Comment:

TP1 hit at 1.66440, booked 264 USD profit #EURNZD