price went up just after breaking out from wedge pattern, but fails to close above yesterday's high giving a for second of M to form, i am going short on this one
price went up just after breaking out from wedge pattern, but fails to close above yesterday's high giving a for second of M to form, i am going short on this one
Higher A spotted on EN. The New Zealand dollar has been performing reasonably well of late, and this week has been no exception making gains against the pound, euro and US dollar since the beginning of the week. This was despite a significant fall in the price of dairy products at the GDT Auctions released yesterday, from 2.2% to 1.7%.
GBPNZD formed an M reversal pattern on M15, then went for a stop hunt by throwing a long wick only to close below the high of the previous two days, I'm going short on this one.
