EURNZD possible long

ok we can see a reversed head and shoulder is forming on 1H time frame along with a double bottom on 15min time frame which is a confirmation for long and on the 0.5 and 0.38 fib level we can spot price rejection we still nedd candle stick confirmation on this to go long but the R:R on this trade is surprisingly well remember the horizontal ray are the target point which you need to move your sl whenever we hit each of them and for stoploss i put it under 0.38 fib level and below the rejection for double bottom pattern so its as safes as it gets

if you have more questions or opinion on this one please share it on the comment section
------------------------------------------------------
check out our social media and website for more educational content and daily analysis
telegram t.me/fxfortuna

"patience is a key element of success"