Description
⋅ 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.
- 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
⋅ Comment
⋅ Target 1 hit. Moved stop to entry.
Trade closed: target reached
⋅ All 3 targets hit.