EUR/NZD: Selling the breakout

By SwissPips
Updated
Hi guys,

Sorry for this sudden interruption, I have had some important personal issues which are now solved.

I will try to publish as often as previously.

I am also launching in a couple of weeks my website, I will keep you posted for those who are interested.

In the meantime we have EUR/NZD which broke a major support trend line. It is consolidating and forming a new pattern.

I am looking to sell once the trend line is broken. My target will be the support area as shown in my chart.

EDIT: Please ZOOM OUT to see the main trend.

Happy to be back in here and I hope we can make some great trades together.

Trade with care.

Best,

Jesse

Comment
snapshot
Comment
Ideally previous low should become a resistance, let's see...
Comment
Current rejection of previous low

snapshot
Comment
snapshot
Comment
* Previous low is being rejected
* Trend line is about to be broken
* M15 price is below all EMA's
Comment
Ok let's see if it reaches the target by the end of this session.

The sell move looks pretty aggressive
Trade active
Entered at 1.71920
Comment
snapshot
Comment
The pattern looks clearer on EURNZD than on EURJPY for the moment.
Comment
For those who are not yet in the trade

snapshot
Comment
Trade should be activated for those who entered today
Comment
snapshot
Comment
Target changed to 1.71500
Comment
As you can see the area highlighted in blue as more chance to get hit than 1.71400

snapshot
Trade closed manually
Took my profits, cannot follow the trade the next 2 hours and we are in a support zone! Nice profits on thiis one
Trade closed: target reached
1.71500 target was reached, congrats to those who held the position!
Bearish PatternsbreakoutChart PatternsEUREURNZDForexfxNZDSELLshortTrend Analysis

Disclaimer