EUR/NZD is in a nice downwards trend, we can see on the daily chart the price has closed under the 200EMA (Blue) indicating the path of least resistance is now to the downside. On the 4 hour we are having some price consolidation. once price breaks the consolidation we can trade this down to the trend line at 1.68500.
I will update this trade once it becomes active, we will only enter the trade once we get the break. Be patient and wait for the signal :)
Please like and follow, your support means a lot. Thanks :)
I will update this trade once it becomes active, we will only enter the trade once we get the break. Be patient and wait for the signal :)
Please like and follow, your support means a lot. Thanks :)
Comment:
We just had the nice push down, strong bearish momentum in play now
Comment:
This is playing out nicely, price has reached 1.68900.
Take partial profit here and move your stop loss to break even, we are now in profit and in a risk free trade :)
Take partial profit here and move your stop loss to break even, we are now in profit and in a risk free trade :)
Trade closed: target reached:
Again rice has come down to 1.68900, i am going to close the 2nd part of the position here as i do not want to carry this trade into the weekend.
We have gained a 100pip move from this pair, i will now exit and enjoy the pips :)
We have gained a 100pip move from this pair, i will now exit and enjoy the pips :)
Comment:
Price came down and hit the targeted trend line just as market closed, great way to end the week.