EURNZD Long 280PIPS!

Hello traders, today we have ourselves a lovely EURNZD Long trading idea. This trade idea is based off the fact we are expecting EURO strength next week and NZD weakness making EURNZD move in a bullish direction.

This trade idea is based off many factors -
Firstly, the price action is in a small bearish correction during its bullish impulse and is currently in a structure level followed by a fib level. This has given us a very strong indication of a reversal and we are looking for a reversal pattern in the lower time frame to secure our entry.

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Trade closed: stop reached:

Price hit SL, however second structure level was kissed and we have a clear reversal now.