Mihai_Iacob

EurNzd- break of falling wedge for 500 pips profit.

Long
OANDA:EURNZD   Euro / Dollaro neozelandese
Since the beginning of the year, EurNzd is trading in a falling wedge, with the price making marginal lows.
On shorter term time frames, the pair made a small double bottom which can give us the idea of a turn.
Now EurNzd is facing confluence resistance of horizontal 1.68 level and the resistance of the wedge and a break here would confirm the reversal and gives scope to 1.73 resistance.
Also, a buy trade for this pair would have a great R:R

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