This has retraced to resistance, looking for it to reject this level and push lower. Target is 1.63124, there are a couple of supports between current price and this target but lots of bearish momentum with this.
- Rejection and bounce back of bottom of long term trend
- Reacting nicely off 0.786 fib level
LOOKING TO BUY IF FOLLOWING CONDITIONS ARE MET;
- Close above 0.786 fib
- Close above 20 EMA (moving support)
EXTRA CONFIRMATION;
- Bullish candlestick
- RSI pointing up
EURNZD LONG
BUYING FROM 1.73455
TP 1 80PIPS
TP 2 120PIPS
TP 3 160PIPS
TP 4 OPEN
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