EURNZD- not expecting this to climb much higher either, reverse head and shoulders also in play, head just formed... need to reverse around this area to form our right shoulder.
john-19
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Hi everyone. Don’t panic with the price for EUR/AUD. it’s short. Tomorrow at 3pm GMT time. News realise is confirming Euro will weaken. Don’t listen to anyone saying buy. Stay positive and let the market do it’s thing. Will find out Tomarrow it’s a short. Another trade to take AUD/SGD long position. God bless take care.
congibb
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@eddie070, well said Eddie, don’t panic when a trade is red, your stop loss is placed for a reason! Let the markets do there thing, if it hits our stop loss then it hits! We go again.
Also Extremely overbought.
john-19
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@congibb, hello yes I agree with you 100%. As a tip look at rsi the euro has basically ripped the rsi apart. Meaning it’s toooo much overbought. You will see the results over night as the bulls are struggling to keep the pase with bears. Also the rsi is curling which indicates as bearish flow. I have placed a trade along with everyone that has also placed the trade. If your stop loss is in right position nothing will affect it. A lot of times people use stop loss too close. The market needs space to breathe and move. Just like we need space to our self and breathe. Same with market. Wish everyone best with trading. My experience and knowledge tells not only me but as experienced trader your self we can all see it’s going to fall. Min 15 is making head and shoulder in different angel. Thanks for your comment mate. Appreciate the positive energy. God bless.
congibb
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@eddie070, yeah- I have an indicator pack which I refer to Aswell which also indicates the sell- time will only tell 🙌🏼
Curtmeat10
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@eddie070, so its going to drop tomorrow after 3pm?
congibb
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@Curtmeat10, not necessarily but at 3pm tomorrow we have high impact EUR news which is forecasted to weaken the EUR, meaning EURXXX PAIRS DOWN & XXXEUR PAIRS UP 👍🏻
Curtmeat10
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@congibb, so have you got sell trade on ? yous think it will drop ?