Malika_Analysis

EURNZD FOR THE BULLS..

Long
FX:EURNZD   Euro / New Zealand Dollar
As you may have already gathered, I am a Bullish Trader. My edge is bullish , so I only buy and I don't sell.

EURNZD reached some daily and weekly support where price then reversed Bullish . I have pulled Fibonacci retracement from the start of the bullish move at the bottom to the top where price started retracing. I always mark my entry points at 50% but do keep in mind price can continue retracing to 0.618 and .786 . If that happens our TP will be adjusted accordingly.

We also have Bullish divergence forming on RSI .

Take profit has been marked.
Stop loss has been marked.

Feel free to comment and ask questions and be sure to hit that follow button :) !!

Happy trading all.
Malika K

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