EURNZD: PA & expect fundamentals to continue short bias

27 Şub

Big news from the RBNZ shortly, it is possible we'll get a hike, but either way I'm expecting NZD strength as a result.

I'm seeing weaker Euro, and the pinbar shooting star today on the daily candle means price action is also in favour of a continued short trade here.

28 Şub

Not

Wow, couldn't have bene more wrong. The market reacted strongly to the RBNZ fundamentals over night. I'd seen yesterdays price action as a fake out, resulting in a shooting star on the daily, however looking at the 4hr we can see it was a breakout and retest and a huge pump!



Glad it was just an idea...