EURNZD is currently in a downtrend channel and inside a strong structure area consisting of .707 & .786 fibs and previous significant support & resistance.
Sell Entry: 1.63950
Take Profit: 1.62368 - Which happen to be at the 1.27 extension and at strong structure.
Stop Loss: 1.65086 - Put it ~20 pips above last high in contact with the channel.
Like and follow greatly appreciated!
Sell Entry: 1.63950
Take Profit: 1.62368 - Which happen to be at the 1.27 extension and at strong structure.
Stop Loss: 1.65086 - Put it ~20 pips above last high in contact with the channel.
Like and follow greatly appreciated!
Note
Take Profit 2: 1.61827Note
Daily timeframe and how TP target interacts with the marketNote
Trade playing out perfectly. Bounce of channel and only bearish candles, up 80 pips so far. Target is 158 pips.Note
20 pips left for TP1Trade closed manually
Closed trade at +80 pips.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.