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!
Comment:
Take Profit 2: 1.61827
Comment:
Daily timeframe and how TP target interacts with the market
Comment:
Trade playing out perfectly. Bounce of channel and only bearish candles, up 80 pips so far. Target is 158 pips.
Comment:
20 pips left for TP1
Trade closed manually:
Closed trade at +80 pips.
