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AshleyWeyers
Jul 13, 2013 11:35 PM

Short EURNZD to 1.65150 Short

Euro Fx/New Zealand DollarFXCM

Description

Candle looks like spinning top. Resistance at 1.68000.

Chinkou has entered cloud and looks to be flattening. After strong break from Kumo price needs to test support of Kumo

Price is far from Kijun on 4H, when the Kijun is flat, price is coming back.

Strong probability this retraces back to 1.65150 area as that is the 50% fib retracement, top of the kumo at 1.65500 and monthly Kijun at 1.65467
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