I'm already up a lot on NU buy. I do see a possibility for EN to make one more extension when I look at weekly, that's why I marked that level. But structurally speaking I think we should have downside.
Wait for some sort of rejection candle and take a short trade to the downside.
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DIRECT MESSAGE ME FOR ANY QUESTIONS.
What's up?! I used a very simple trend identification technique in order to understand how market move. I will probably fall soon. Trade at your own risk!
Ending diagonal - impulsive breakout, three waves pullback - break down
This may be a nice entry for a couple of months movement down
On a daily chart you will see a potentially completed running flat. Basic target - 1,63
Extended target 1500 pips down
Risk:Reward
1 : 10
61 pips loss : 619 pips gain
__________________
Entry: Sell Stop Order at ( 1.7153 )
SL: 1.7203
TP: 1.6522
If you don't know how to manage your account properly DO NOT COPY MY TRADES!
This Trade might take days, or couple of weeks & maybe months!
Happy Trading :)
As in my last published post, we had a sell from the tops. Now In this post we are looking for trend continuations or possible double tops drop. Market made a new low after hitting its tops so fibs are now in play for a trend sell. Waiting for market to hit the 61.8 or 78.6 levels for entries. Stay reserved. Stay hungry.
The Euro vs. the New Zealand Dollar. The New Zealand dollar had performed well against the Euro recently because it is often considered to be a proxy for the Chinese growth. Eurozone weakness may limit any significant reversal if concerns about Chinese growth occurs as the country shifts from export lead growth. The NZD has benefited from the recent Euro-zone difficulties due to idle cash efforts to find strong, secure yields.
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