EURNZD Buy Signal

I'm looking to buy and apply proper risk management to my position size as you should as well.
EURNZD has shown me a few confirmations that its ready to continue its uptrend.

• Recently broke a major downtrend on higher tf. Uptrend is here now.
  
  
• Old 4hr resistance level now has turned into potential support for continuation of the uptrend.
  
• 0.618 Fibonacci retracement level reached. -0.318 level has High probability of being next target.
  
  my position:
  entry 1.671
  sl 1.664 (-70 pips)
  tp1 1.692 (+210)
  tp2 1.720 (+490)
  
  *I'm watching the 5hr tf, similar to 4hr

Kommentera:

+90 pips

Trade stängt: målet nått:

TP1 reached +210 pips.

close. take partial.
TP2 still attainable