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IsmailEsat
Nov 15, 2019 1:09 AM

EURNZD - Sell Opportunity Short

Euro Fx/New Zealand DollarFXCM

Description

We are looking at an overall uptrend. We have had a touch of the weekly trendline and have been in a range for the past 3/4 months. We have broken out of the 1.73 area and had a retest on that same area also. We are targeting the 1.7000 banking level which coincides with the 61.8 % Fibonacci retracement level on a daily timeframe. We will then reassess our position at this area and analyse for potential long positions. This gives us a yield of 3.00%.

Trade closed: target reached

Comments
transparent-fx
here is what i will be following on eurnzd, nice pair to follow
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