Euro / New Zealand Dollar

Long

EURNZD Buy Signal

Updated

I'm looking to buy and apply proper risk management to my position size as you should as well.
EURNZD has shown me a few confirmations that its ready to continue its uptrend.

Recently broke a major downtrend on higher tf. Uptrend is here now.
Old 4hr resistance level now has turned into potential support for continuation of the uptrend.
0.618 Fibonacci retracement level reached. -0.318 level has High probability of being next target.

my position:
entry 1.671
sl 1.664 (-70 pips)
tp1 1.692 (+210)
tp2 1.720 (+490)

*I'm watching the 5hr tf, similar to 4hr

Note

+90 pips

Trade closed: target reached

TP1 reached +210 pips.

close. take partial.
TP2 still attainable

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