Eur-Aud Sell OpportunityEur-Aud Sell Opportunity
Day Time Frame Create Pin Bar At 61% Fibbo
Strong Structure Trendline Already Breakout
Create Bearish Bias
Suggest Sell Opportunity On This Pair
Short-signal
GBPNZD at a decision point break up or bounce backGBPNZD are trading in what i choose to see a bearish expanding channel.
And we are currently at the roof of that channel.
Piphunters are looking to short if we see intraday trendchange with the intention of turning this intraday day trade to a nice(we hope) swing trade. With a target at almost 2000 pips ( in the best of worlds :))
We are looking to short when M10 shows a reversal, Norse style (EMA12/36 crossover and a new lower high)
We are entering 3*lotsize with SL at previous support level +5-10 pips
TP1:Same size as SL
TP2:2*SL
TP3: keep as a swing.
We could add position when we see a 4H trend change (also Norse style)
That is The Hunters view of this trade.
Happy pipin'
Final move down to DZ? Before weekly correction?Major divergence going on MACD this is an indication that we have a dead trend. As I see it the DZ @0.7465 is the start of the new trend. This new trend seems to be a corrective wave on weekly chart.
Strategy on this trade:
Aggressive:
Place one BUY and on SELL order at reversal going on right now (check H1 for reversal pattern). Sell the long position at new reversal(~0.7693) Keep the short position run until target @ 0.7450
Moderate:
Go short after reversal @ ~0.7693 set target for 0.7450
ModerateLow:
Go short after reversal @ ~0.7693. sell 2/3 of postion on 0.7650, set target for 0.7450 for remaining 1/3.
