Hi all,
On the EURNZD chart we can see a few things that makes me believe that market is going to reverse to the downside.
Entry: 1.67239
Stop: 1.69
Target 1: 1.6364
Target 2: 1.615
Target 3: 1.588
Best of luck!
On the EURNZD chart we can see a few things that makes me believe that market is going to reverse to the downside.
- Bearish trendline
- 38.2 fib of the move between may 2015 and sept 2015
- 61.8 fib of the move between sept 2015 and dec 2015
- 61.8 fib of the move between jan 2016 and dec 2015
- Previous structure
Entry: 1.67239
Stop: 1.69
Target 1: 1.6364
Target 2: 1.615
Target 3: 1.588
Best of luck!
Trade active
Note
Target 1 hit. Moved stop to entry.Trade closed: target reached
All 3 targets hit.
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Related publications
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.