As you may have already gathered, I am a Bullish Trader. My edge is bullish, so I only buy and I don't sell.
EURNZD reached some daily and weekly support where price then reversed Bullish. I have pulled Fibonacci retracement from the start of the bullish move at the bottom to the top where price started retracing. I always mark my entry points at 50% but do keep in mind price can continue retracing to 0.618 and .786 . If that happens our TP will be adjusted accordingly.
We also have Bullish divergence forming on RSI.
Take profit has been marked.
Stop loss has been marked.
Feel free to comment and ask questions and be sure to hit that follow button :) !!
Happy trading all.
Malika K
EURNZD reached some daily and weekly support where price then reversed Bullish. I have pulled Fibonacci retracement from the start of the bullish move at the bottom to the top where price started retracing. I always mark my entry points at 50% but do keep in mind price can continue retracing to 0.618 and .786 . If that happens our TP will be adjusted accordingly.
We also have Bullish divergence forming on RSI.
Take profit has been marked.
Stop loss has been marked.
Feel free to comment and ask questions and be sure to hit that follow button :) !!
Happy trading all.
Malika K
