EUR/NZD - Retracement on Resistance

4 Nis 2017

EUR/NZD's lows started to lose momentum over the past week while approaching the previous support, it tested this area and almost immediately shot back up. Quite recently it tested this area again and I entered a long position having it's previous reaction and the low's as my confluence. We're either going to see the price fall from 1.53079 or reach the resistance near 1.53218.

4 Nis 2017

İşlem kapandı: hedefe ulaştı

Now looking for a sell indicator for a short position.

6 Nis 2017

İşlem kapandı: durdurma seviyesi

Apologies for not showing my entry of the short but unfortunately my stop loss was hit before the retracement, the market doesn't always go in your favour EXACTLY
how you expect it to, but well done to anyone who caught the short. The market seems to want to breach the median line so watch out for my next chart.