Analyzing Bullish Patterns in EUR/NZD: An Experimental Forecast

EUR/NZD appears to show a bullish pattern as the AB wave line exceeds the CD wave line. Based on this observation, I expect a bullish movement in this scenario. Please note that this concept is experimental, and if the market does turn bullish, the target is projected to be 1.82232. This setup also includes a stop loss, which I have set below 1.79884. Let's see what happens next.

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This costume indicator suggests that the 1-hour chart is likely to turn bullish.

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Trade ativo:

Closed the buy position and now selling double.

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Now running double sell position and the TP marked in chart