EURNZD 240 long – channel bottom, possible new LL

24 Ara 2019

A counter-trend trade is shaping up. We’ve been in a 4H DT since 16 Oct 2019 at about 96% regression. We are just about at the bottom of the channel. If the PA respects that dynamic support it will form a new LL and give us an opportunity for a counter-trend trade. My trigger will be a break in the RSI trendline, and if I can remain patient a break in the PA trendline.