The EUR has been eating the New Zealand Dollar with a vengeance since Feb 23rd
We have seen since then a slight pullback to the 0.23 Fib and then a fail to retest the high of 1.5452
We will enter LONG if the High 1.5452 is compromised and also enter Long is we get another bounce off of the 0.23 fib level we also looking at the 0.38 level & 1.5127 area for a LONG entry
The previous rate non-decision (no change) produced a 100+ pip move north over a 7 hour period. Thats a nice pip grab..for a non-event.
Good Luck everyone !
Trade active
⋅
Our Long Position was triggered last night during the London session @ 1.5256
Comment
⋅
Were are still Long on this pair until we get a break of the 1.5200 previous low.
Comment
⋅
1.5380 is our profit target for this Long position. Once hit we will close.
Trade closed: target reached
⋅
1.5380 Target Hit. +140 Pips captured. Took a bit longer than anticipated...but we will take it. Hopefully you followed along with us...