Rick_69ro

EUR/NZD 4H - We need 1.64700 before going down

Short
FX:EURNZD   Euro / New Zealand Dollar
Clear, right ? :) Maybe tomorrow based on volatility we will touch 1.64400 - 1.64700 before going down.
Comment: Touchdown here too! Hey I might get a prize for precision with this chart:)) Anyway check my other chart USD CAD if you think it was just luck. Now guys you can short it to 1.64200 first but it will retest the top. Or just wait for pullback for a safer short entry. I'm afraid there are two more upside targets which scare me now. Keep in touch on this.
Comment: Ok, we have some movement down on this pair too. On 15m chart I have a nice window on Ichimoku cloud through which the price can go down to 1.64000
Comment: Unexpected spike up to double top.So this was the first upside target I was afraid of. Still not a safe pattern for a big short...

Comments

this is an uptrend and without any confirmation we should not sell it right now.....
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Rick_69ro ashif030
@ashif030, Thanks for your comment. I agree. It was just a small short which worked down to 1.64550 or so. Beside this, I have also mentioned in my post that there are 2 more upside targets....
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ashif030 Rick_69ro
@Rick_69ro, yes.....nice analysis :-)
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Rick_69ro ashif030
@ashif030, Thank you! One upside target was reached. Damn, it really went a lot higher...
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Hi man. 1.64700 it is the exactly on the median line as I have drawn on the chart. You wouldn' t believe it would go so high right? Me neither:))
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how did you find 1.64700 ?
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