kmfxmentorr

Buy EURNZD 400 Pips + Wait for breakout then entry on PULLBACK!!

Long
FX_IDC:EURNZD   Euro / New Zealand Dollar
One can see a massive recovery in EURNZD after losing more than 500 pips last month. This month EURNZD is just behind Gold in performance gaining nearly 450 pips since the start of the month. That is a nice reversal move there.

Entry: Wait for price to break above Daily Resistance and hitting -27 Fib Level. Then enter at pullback for a safe entry. Stoploss is below the Daily Resistance at your own due diligence and discretion :p

Once again, money management is the only holy grail to trading markets. So calculate the risk wisely when trading these turbulent markets. Happy Trading!
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