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Cas4xx

Next Retracement is coming... EURNZD short trade opportunity

Short
Euro / New Zealand Dollar (FX:EURNZD)  
Cas4xx Updated   
FX:EURNZD   Euro / New Zealand Dollar
Support and Resistance Fibonacci Trend Lines EURNZD eurnzdshort eurnzdsell eurnzdforecast eurnzdanalysis eurnzddaily eurnzdsetup eurnzdsignal eurnzdidea
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supportandresistance fibonacci trendline eurnzd eurnzdshort eurnzdsell eurnzdforecast eurnzdanalysis eurnzddaily eurnzdsetup eurnzdsignal eurnzdidea
In the image above you can clearly see a prime example of a double top which indicates a Reversal is coming. This pair is still in a Up Trend so I expect a short retracement down just like you see on the chart happend end June and July. The execution of this trade will take a view weeks I guess so a lot of patience is needed.
Trade active:
Are you still holding on? I know I am! ;-)

The S/R level @1.76 defends its line strongly but patience is king with this one.
Trade closed: stop reached:
Price didn’t made the retracement I thought but instead moved up higher today. Unfortunately it hit my SL no worries I still got 2 trades that moves as expected.

On to the next one!
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