EURNZD - Buying a corrective dip to the 78.6% retracement

2020年6月23日

[Buy Limit] EURNZD is Bullish - We look to Buy at 1.7295

▪️ Positive overnight flows lead to an expectation of a firm open this morning.
▪️ Bespoke support is located at 1.7295.
▪️ A bullish reverse Head and Shoulders is forming.
▪️ We have a 78.6% Fibonacci pullback level of 1.7295 from 1.7190 to 1.7653.
▪️ Further upside is expected although we prefer to set longs at our bespoke support levels at 1.7370, resulting in improved risk/reward.

Stop: 1.7235
Target1: 1.7535
Target2: 1.7650