Sign of strength + Fibonacci work = Bullish
I found the massive sign of strength in the background after the CPI in New Zealand. There is also retracement FR 61.8%, which held successfully. Watch for buying opportunities.
TP1 - 1.5630
TP2 - 1.5700
TP3 - 1.5820
TP1 - 1.5630
TP2 - 1.5700
TP3 - 1.5820
Trade closed: target reached
First two targets are met so far and the third target is set at the price of 1.5820. So far EUR/NZD is a huge winner.
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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.