HiTech
Short

EURNZD A PERFECT SELL?

FX:EURNZD   Euro Fx/New Zealand Dollar
148 17 1
While EURNZD             is on the top of the range, RSI cycle indicates that price is ready to move lower. There is strong supportbetween 1.7580-30 which is my target.
Andyreeree
a year ago
Very nice sine wave in the RSI! Will it repeat a fourth time though? Hard to say that it will or won't. Looks good though. Nice chart.
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HiTech PRO
a year ago
thank you, although stop loss hit, I re entered the trade on gbpnzd, still looking for a nice downtrend :)
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Andyreeree
a year ago
Looking at the bigger Picture <a href="/u/HiTech/" target="_blank">@HiTech</a>
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HiTech PRO Andyreeree
a year ago
yep, should be ready for a huge drop
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Andyreeree
a year ago
Make sure you click on the chart so you can read my description HiTech. May be something to look for if you get stopped out again.
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HiTech PRO Andyreeree
a year ago
thank you, I red it, but I do have exceptionally strong sell signal, and it is only for about 300 pips, longer timeframe not sure and truly not even interested, cause switched to day trading
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Andyreeree HiTech
a year ago
very well then! haha Out of curiosity what are the time frames you are using? just 60 min?
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HiTech PRO Andyreeree
a year ago
3m chart for main analysis
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HiTech PRO
a year ago
also, break above the recent high, could trigger uptrend continuation... lets see
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Andyreeree HiTech
a year ago
i agree. It's testing the triple top for a fourth time. So my guess is there are still buyers interested. It will be interesting to see what happens in the upcoming days.
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HiTech PRO Andyreeree
a year ago
oK, I am bullish now, but just to re-test the resistance at this point
EURNZD MIGHT RETEST 1.8000
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Andyreeree HiTech
a year ago
Nice catch on the 30 min chart!
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HiTech PRO Andyreeree
a year ago
hopefully will work out :)
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Andyreeree HiTech
a year ago
How's that look with your RSI sine wave?
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HiTech PRO Andyreeree
a year ago
overall trend should be down, EUR should be driving this pair
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Andyreeree HiTech
a year ago
So this is an intraday trade I presume if you are long and the overall trend is down. Correct?
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HiTech PRO Andyreeree
a year ago
well its no longer valid since SL was hit, but overall all my ideas are intraday, although some stay open for up to 3 days
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