Eurnzd Short Confirmed With Triple Top

FX:EURNZD   Euro Fx/New Zealand Dollar
1051 18 18
This pair looks like a great short with a triple top formation. I am waiting for the trend line on the chart to be broken for an entry! :)
I like the idea, but couldn't this be a triangle forming?
+2 Reply
LexieGirl matt_forex
That was on the back of my mind, but with as bearish as euro is I figured it will have a better chance at breaking down rather than forming a triangle.
Thanks for the ''TIP'' i am in and looks like it's gonna be good play..
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Lets see what happens good like. I think you have a good premise
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Nice trade set up.
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The Euro has been bearish- look at ''EURJPY'' chart.
What is your ''time horizon''
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Daily trend is upwards but I like the idea. Going to give it a go.
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LexieGirl Kalahari
A break of 1.6430 will really confirm the move down I am thinking.
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TahirAli LexieGirl
I am waiting for his break too.But I am not gonna short on this break I will let this thing down and then short on a weak rally.
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well poop. that did not work well. On to shorting eurusd now.
Waiting for Eurusd Retrace for Short Entry
''I took a small profit before it went higher'' thanks for the tip anyways:)
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Above the triple top rest Stoploss orders from retail traders.
Banks will probably take those out first.
Think need to run to the triple top for the liquidity to fill their own orders.

Those stop orders become market orders. Banks will sel it to those buy stop orders.
+1 Reply
looks like a channel to me
put a horizontal line at 1.6442
I am hitting my head against the wall that how come I missed that?
+1 Reply
LexieGirl TahirAli
Yeh i saw that one too :/
+1 Reply
Very nice Lexie. I knew you were waiting to short this a couple of days ago.
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