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Ob_Radi

New up trend

Long
Euro / New Zealand Dollar (FX:EURNZD)  
Ob_Radi  
FX:EURNZD   Euro / New Zealand Dollar
Multiple Time Frame Analysis Support and Resistance Parallel Channel
1
0
mtfa supportandresistance parallelchannel
Uptrend began on the bottom of the support
Confirmation : bullish engulfing candle
Retested once breaking out of the previous down trend channel
Broke Resistance of the 4 hour chart

Entry : After candle that forms after retest
Stop loss : below candle that retest
Take profit : next zone
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