EUR / NZD - Quick opportunity for this downtrend - SHORT

21 mag 2018

Ascending triangle in a downtrend, below the moving averages, falling volume, flat RSI on this timeframe, long rejection wicks on the hourly timeframe, seriously weak Euro and NZD after last nights report, but whose going to be weaker, I choose the Euro, in the down trend.

21 mag 2018

Nota

We've broken down through the descending triangle bottom, we'll carry on beyond 1.697

21 mag 2018

Trade attivo

Trade active and profitable - 21/05/2018 - 04:25 @1.7042 - target 1.6105

21 mag 2018

Nota

Look at those candles rejecting the moving average and lots of heavy bearish volume, we're going down! Beautiful

21 mag 2018

Nota

We're currently stuck in a range, if you're not in this trade, catch an entry at the top, and wait for the breakout, to continue the downtrend, how do I know it will continue down?

We're divergent on the daily chart and volume is declining on the way, meaning we have a bearish bias and that's the direction we're going in, but obviously, we might now, anything can happen, once we break to the downside, I'm looking for my first target down at 1.69650

21 mag 2018

Trade chiuso: obiettivo raggiunto

Taken profit target, I'll let the rest run....

23 mag 2018

Trade chiuso: obiettivo raggiunto

Second target achieved, this turned into a lovely trade

23 mag 2018

Trade chiuso: obiettivo raggiunto

Final target achieved.

29 mag 2018

Nota

Re-entered this pair @1.68 a lovely move down afterwards

29 mag 2018

Nota

Smashing through the 200 EMA was an important breakthrough, target now 1.62

29 mag 2018

Trade attivo

29 mag 2018

Trade chiuso: obiettivo raggiunto

Made a lot of profit on this, target achieved