EURNZD is currently in a downtrend channel and inside a strong structure area consisting of .707 & .786 fibs and previous significant support & resistance.
Sell Entry: 1.63950 Take Profit: 1.62368 - Which happen to be at the 1.27 extension and at strong structure. Stop Loss: 1.65086 - Put it ~20 pips above last high in contact with the channel.
Like and follow greatly appreciated!
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Take Profit 2: 1.61827
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Daily timeframe and how TP target interacts with the market
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Trade playing out perfectly. Bounce of channel and only bearish candles, up 80 pips so far. Target is 158 pips.
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