Eurnzd Short Confirmed With Triple Top

FX:EURNZD   Euro / 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! :)
Very nice Lexie. I knew you were waiting to short this a couple of days ago.
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
put a horizontal line at 1.6442
looks like a channel to me
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.
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''I took a small profit before it went higher'' thanks for the tip anyways:)
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well poop. that did not work well. On to shorting eurusd now.
Daily trend is upwards but I like the idea. Going to give it a go.
+1 Reply
LexieGirl Kalahari
A break of 1.6430 will really confirm the move down I am thinking.
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