Euro New Zealand Long for this week

FX:EURNZD   Euro Fx/New Zealand Dollar
210 0 8
10 months ago
We appear to have some very nice bullish engulfing candles to the left side of the left shoulder of this potential crown. We had excellent selling last week down to the levels of support at 16550. For this week I am trading bullish to form the right tip of a potential crown formation and then following development of that structure, selling into the 150 area to find a deep right tip of a long crown. This trade should make it north at least into the 170 area if not find its tip at 171. I am positioned at 1.6731 and a stop below 1.65
10 months ago
Trade active: Running Nicely. Pulling off 50 pips and stops to break even. Should run. My feeling is that we do not want to test 1.6450 until later this week or next week continue to 1.71.
10 months ago
Trade active: Still active and running nicely. This is the countertrend toward the right shoulder. Use caution and watch for the possible selling above 170500 for the bigger move down. Happy trading!
10 months ago
Trade closed manually: I limited out of this trade this afternoon at 170. will watch structure to see if we get anything else. above 170, we can assume that we are headed lower.
10 months ago
Trade active: I've Re-entered this trade from 167 even stop below 165 limit 17149
10 months ago
Trade closed: target reached: Out of the long. We made it!
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