Lanson_Chen

Lanson_Chen

Dont Short now, short when price bounce back to upper band of the down channel.

Lanson_Chen

If you short yesterday, now you can take some profit to secure your earning

Lanson_Chen

target will be 100% extension, which is @1.3350

Lanson_Chen

see the chart

Lanson_Chen

fully anticipated ! hold your short position until it touches 0.618 or 1

Lanson_Chen

NZD is quite confusing. There are 3 upper shadow line on daily chart, which indicate large pressure above 7350; but the downward break through failed on Monday. Closely watch 7250 to see whether it can create lower low, or turn up again.

Lanson_Chen

marked as above, the down-channel remains active

Lanson_Chen

prepare to short, but still have change to go up can create double top, thus don't short it now, short it when there are some rebounds occur.

Lanson_Chen

Breaking the down trendline, long under-shadow means support underway