A SurpriseBox near the 200sma was formed on the Nzd/Usd daily chart. This box broke to the upside last friday with a bullish engulfing pattern.A reasonable target will be the 100sma at about 0.7550. Stop will be the recent low about 0.7320.
Disclaimer: I trade the patterns depicted either at the entry point stated (e.g. trading channel, breakouts) or afterward. Although my trades are based on technical analysis, trading forex is a risky activity and may produce significant monetary loss. I only make public the trades that I am considering to make, or made and the rational for them. Not intended necessarily as trading recommendations.
