OANDA:EURNZD A short position can be taken on the specified levels There is no position before reaching the surface
EURNZD - Intraday - We look to Buy a break of 1.7004 (stop at 1.6974) Bullish divergence can be seen on the 4 hour chart (the chart makes a lower low while the oscillator makes a higher low), often a signal of exhausted bearish momentum, or at least a correction higher. A break of 1.6880 is needed to confirm follow through bullish momentum. Price action looks...
All Discussed in the Chart waiting for the Daily Closing and price action from here !
On this pair we also see the completion of the bat pattern on the 4 hr chart which signaled us to buy the pair at the completion of the 4th leg of the pattern. Our take profits are set at the green zones. FX:EURNZD
We have already closed our short position for 300+ pips and price form a nice pinbar. The way we look at support and resistance is not your usual textbook method and is working great. What's the next plan ? is to short at the high again about 1.53 zone
2. EURNZD - SHORT (20th February 2017). Another short entry for EURNZD. Putting a lot of studying time on key levels. Just trying to spent a lot of time in front of charts to get used to the way I look at the market and drawing key levels. I want to learn more about price action next and candle stick patterns such as bullish engulfing candles. Gene
Go long till the Stoch's lines cross each other, then I reupdate my idea with a short position. My personal indicator tells me that this pair is now LONG.