EUR/NZD analysis, chart, and trading idea

The trend is ascending. On the daily timeframe, a "key reversal" pattern was formed with a false breach of the level.

On the H1 timeframe, the internal truncated wave structure ended with the breakdown of the inclined channel. The Awesome Oscillator indicator shows a bullish divergence, and the Stochastic Oscillator sliding indicators came out of the oversold zone.

Trading idea:

Buy on the breach of 1.7200.

Stop Loss: 1.7007.

Target levels: 1.7400; 1.7480.