EURNZD SELL LIMIT ORDER FOR A 300 PIP DECLINE - PATIENCE!
Well well well, we could be in for treat with this one. As I trade several currency pairs I will only be entering this one if I have a pullback to my purple daily key level which we broke previously as a support now acting as a resistance. I won't be forcing an entry if i don't see a pullback.
This pull back is also expected due to a week daily closure end on the week as I see this pair with the possiblity of breaking back above my weekly resistance. I also had my upwards trend line break I always expect a retest of my trend lines which is over due. however theres nothing stopping this pair from falling another 80 pips from market opening to meet up with point B of the trend line before the pull to the upside.
i will have alerts set on this trade if Price rises to 1.6840 the first half of next week I will be selling the this pair for a swing of 300 pips. to 1.65500 This pair moves rapidly so a lot of movement can happen this week.
BARE IN MIND THE WEEKLY SHOOTING STAR CLOSURE..
This pull back is also expected due to a week daily closure end on the week as I see this pair with the possiblity of breaking back above my weekly resistance. I also had my upwards trend line break I always expect a retest of my trend lines which is over due. however theres nothing stopping this pair from falling another 80 pips from market opening to meet up with point B of the trend line before the pull to the upside.
i will have alerts set on this trade if Price rises to 1.6840 the first half of next week I will be selling the this pair for a swing of 300 pips. to 1.65500 This pair moves rapidly so a lot of movement can happen this week.
BARE IN MIND THE WEEKLY SHOOTING STAR CLOSURE..