EURNZD on downtrend confirmed but reversal imminent?
With EURNZD, we have good potential for buys but there seems to be a little backlash if we get into the buy now. Price just broke the key area of 1.70479 and retested that key area on the hourly timeframe. Though looking at the bigger picture, I slapped on a Fibonacci and a strong key area box and we have price reversing towards the high at the 50% fib. This is a good indication of the buy continuation yet the closest key area is already retested.
What we'll do is put a BUY STOP position so we can wait for the price to break up past the key area and continue up. Good luck
EURNZD BUY STOP
start: 1.70542
stop loss: 1.70137
take profit: 1.71868
Want to keep up to date on trades? Join the group Community on Telegram: t.me/Lehforex
What we'll do is put a BUY STOP position so we can wait for the price to break up past the key area and continue up. Good luck
EURNZD BUY STOP
start: 1.70542
stop loss: 1.70137
take profit: 1.71868
Want to keep up to date on trades? Join the group Community on Telegram: t.me/Lehforex
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