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Finchcliffe

EURNZD: PA & expect fundamentals to continue short bias

Short
Euro / New Zealand Dollar (FX:EURNZD)  
Finchcliffe Updated   
FX:EURNZD   Euro / New Zealand Dollar
Trend Analysis Chart Patterns EUR NZD EURNZD euro newzealanddollar kiwi rbnz
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trendanalysis chartpattern eur nzd eurnzd euro newzealanddollar kiwi rbnz
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.
Comment:
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!

snapshot

Glad it was just an idea...
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