EURNZD: Excellent short opportunity

FX:EURNZD   Euro / New Zealand Dollar
1493 12 47
The pair has broken the uptrend after breaking down the larger degree corrective structure to the downside. If we stay and consolidate below the trend line it gives us an opportunity to short the pair for some serious pips in the short term.
Comment: it turned out to be a bounce and resumption of the uptrend, market caught by surprise from RBNZ, another surprise later on the day by ECB was obviously not enough to pull it down.
it was really that divergence that faked the shorties. let's trade with the trend. breakouts have lots of fakeys.
More power to you mate!!
It can't be short. 1 hour and 4 hour macd and prices and in a divergence mode! Im long now at 1.6345 Target 1.66 level
+1 Reply
piphunters Gfxadvisor
alright good luck
+1 Reply
Doubtfull about this brakeout as Eur$ is for a big leap upside now
piphunters waterman
this pair is moved mostly by NZDUSD not EURUSD
+1 Reply
should i wait for a correction to sell it? or do you think is a good idea to buy just now.. thank you!
Already entered at 1.65...
good chart,following,good luck!
piphunters wangbujun
Very nice and I think there is a hidden divergence on daily chart, It might be a correction too.
+1 Reply
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