Nxy
GBPNZD - D SellDears,
please, take care of your position as you can see we can enter when the price become bearish.
Good luck
SHORT EURNZD SELL 1ST TARGET - 1.69500GREAT BREAK RETEST, CONFIRMATION OF SELL PRICE FORMATIONS FOR A POSSIBLE CONTINUATION TO THE DOWNSIDE EVENING STAR
NZDCAD SELL TARGET 0.87000Good afternoon from the UK, well what do we have here? the last time i Traded this pair was around the 1st May looking for the decline to 0.8700 (Please see the related idea). Here we go again.
What i can see is my weekly key level no longer acting as a floor support which broke through but now a ceiling resistance with long wicks rejecting the 0.8900 price rejoin. On the daily timeframe price has test the golden ration 61.80% fib retracement. with multiple shooting stars. If you were to step down to the 8H & 4H timeframes moving averages are corresponding well with the intent of this pair seeing another tumble to create that double bottom at 0.8700.
The counter trend line is due to break on its third touch which if it does the retest will come and the decline continuation continues.
This is my Trade of the week.
