EURNZD: Short setup

9 thg 8, 2017

All the Euros pair continues to be indecisive in its direction. I am in favor of the short side as some charts are starting to point in that direction. The interest rate for NZD was just released and it did not help the pair go any higher, indicating weaker pressure for upside. I am no currently waiting for a close of a 4h candle under the trendline to confirm a break of trend. It is also at a cypher completion, therefore, short side is highly possible.

Trade with care.

10 thg 8, 2017

Ghi chú

It did not close below trendline on 4h. Out look is back to bullish.

10 thg 8, 2017

Ghi chú

So this pair is now bullish. Looking for it to break previous high and go into uncharted areas.