+707 Points Profit Reached Successfully in EUR/NZD Buy Signal

Reason for Buying EUR/NZD :

After the positive speech of “ECB (European Central Bank) President Draghi”, EUR currency has become more stronger,

EUR/NZD forms a “BIG TAIL” at the bottom, it’s just one part of confirmation for reversal.

Big tail candlestick in forex chart at the support

However, we wait for double confirmation before taking our Buy trade on EUR/NZD.

The second confirmation of Buy signal came after the breakout of the top level of the range.

EUR/NZD is moving in down trend between the ranges on H1 Chart.

eurnzd buy signal given after breakout at descending down trend channel

After all those confirmations, the Buy signal was given on EUR/NZD.

Finally market reached our Profit Target Successfully.

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