jrebong

Short Opportunity

Short
FX:EURNZD   Euro / New Zealand Dollar
Stalking this. There is a clear resistance and price is putting pressure.
When I say putting pressure, I mean price is consistently below 20EMA and pushing down.

Waiting for a big red candle as trigger entry

Only, RSI is showing a bullish divergence so there is that bullish element going on simultaneously.

Trade closed: target reached: This hypothetical trade was a winner. Hypothetical because I did not enter it. Augh.
I was sleeping when it made the move. Maybe I should have placed a limit order just below support?

But I'm happy my analysis here was correct at least

Comments

What a big bearish chart! This things, when it goes it goes really fast

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