I'm sharing this interesting long term trade idea on EURNZD pair. We have two solid intact trendline on this pair Ascending and descending . This particular trade is based on the ascending trendline which is intact since 2017 and agian we have seen a nice bounce from the and from a major level. We can already see a reversal on a smaller timeframe and I'm anticipating the same on the higher time frame.
Trade war and uncertainities should continue to drag Aussies and Kiwis while Euro should gain some strength in coming days as it has been rock bottom (Dead Cat) for some time now.
I have marked the tp and sl for you as well. Remember this is not a short term trade and it may take good few weeks before reaching closer to tp. Please use the correct risk manangement.
Any questions? Just ask.
Let me know your thoughts.
Trade safe and good luck.