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.
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.
After all those confirmations, the Buy signal was given on EUR/NZD.
Finally market reached our Profit Target Successfully.
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