Fibonacci Break on EUR/NZD (1 Hour)

I have detected a potential SELL trade on EUR/NZD 1 hour chart. The market has crossed over the 200 EMA and has now created a lower lows and lower highs. In addition I had used Fibonacci Retracement, and have detected a break through the key level and a potential target towards the 1.618 level on the Fibonacci, or the 1.69854 level so if going SHORT, set a Target just before the line.

Trade chiuso: obiettivo raggiunto:

Well Done for taking this trade guys, the market was falling and had a retest and then dropped.