roostyroo25
Short

forming a wedge (open to all opinions)

FX_IDC:EURNZD   Euro / New Zealand Dollar
on the daily TM its currently in a downtrend.
it is forming a wedge , for a potential big short move!

respecting the trend line , as its currently approaching, its showing signs of exhaustion on the upside.

just waiting for bigger conformations, such as being below the ema and both vol indicators agree to go short.

Comments

4hr 50EMA too :)
+1 Reply
roostyroo25 Wicktator
@Wicktator, yess! seems to be respectong that!
+1 Reply
Euro economy is weak, NZD is getting economy back up and running today as their Covid-19 Cases are low. Looking to target same Short TP just waiting for right sell signal.
+1 Reply
roostyroo25 kristianhammond15
@kristianhammond15, Cheers for the information! On the 1h it is forming an evening star. which is a stroger sign ofa good bearish continuation
+1 Reply
@roostyroo25, I have just entered at @1.78015, Sl Just above previous hourly high.
+1 Reply
roostyroo25 kristianhammond15
@kristianhammond15, nice! Im going to enter once the current hourly candle has close on the lower 80% of the last bullish candle
Reply
roostyroo25 roostyroo25
@roostyroo25, TP in the golden box
SL 1.78400 (resistance and 0.618 fib level)
+1 Reply
@roostyroo25, I have just moved my stop to entry, hoping it can break back through 1.777 Resistance on 5M time frame
Reply
kristianhammond15 kristianhammond15
@kristianhammond15, Just been stopped out, looking to re - enter, however 15m candle does not fill me with confidence.
+1 Reply
roostyroo25 kristianhammond15
@kristianhammond15, Unlucky, I prefer judging it off higher time frames, but that’s just a preference.

Hopefully we can get them this time!
Reply
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