EURNZD Trade Idea (16th January 2020)

Currency Pair: EURNZD
Timeframe: H1
Date/Time of Signal: 16th January 2020 / 1545hrs (SGT)

Review:

EURNZD is on a long term downtrend. EURNZD has tested and unable to break and bounce off the resistance level of 1.6900.

Trade signaled to sell EURNZD (Entry: 1.6803) with 3 Take Profit (TP) Targets (TP1: 1.6783, TP2: 1.6763, TP3: 1.6743) and Stop Loss (SL) at 1.6833.