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EURNZD short when market opens
Euro / New Zealand Dollar
Short
EURNZD short when market opens
By 11021992
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Updated
Apr 10, 2016
9
Apr 8, 2016
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!
Apr 10, 2016
Trade active
Apr 13, 2016
Note
Target 1 hit. Moved stop to entry.
Jun 15, 2016
Trade closed: target reached
All 3 targets hit.
EURNZD
Forex
11021992
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