For those who didn't make it in time to catch the trade to the upside, just wait for the pair to correct itself a little, and make sure the Kiwi dollar doesn't reverse abruptly to the upside too. Remember that Euro is bond for a big fall but it is still correcting to the upside, and New Zealand currency is falling heavily (at the moment) against the dollar. Both pairs will have to correct, before they continue their move to the upside (
EURNZD
) or to the downside (
NZDUSD
).
We also initially believed that the pair would have gone at least to retest the previous low.
Please check our updates both on the higher and lower timeframes, and don’t forget to follow us, if you feel that our analyses and views may be a useful complement to your trading strategies.
Remember that you can double check the bigger structures that are at play are on higher timeframes, also by scrolling around the charts in the lower timeframes (right and left, up and down).
Trade with care and only with a backtested strategy that has proven to work in relation to your invested capital, risk appetite and potential losses you might need to accept before finding a good trade.
Thank you for viewing.
EURNZD
) or to the downside (
NZDUSD
). We also initially believed that the pair would have gone at least to retest the previous low.
Please check our updates both on the higher and lower timeframes, and don’t forget to follow us, if you feel that our analyses and views may be a useful complement to your trading strategies.
Remember that you can double check the bigger structures that are at play are on higher timeframes, also by scrolling around the charts in the lower timeframes (right and left, up and down).
Trade with care and only with a backtested strategy that has proven to work in relation to your invested capital, risk appetite and potential losses you might need to accept before finding a good trade.
Thank you for viewing.
评论:
EURNZD is in a correction. Let's monitor the structure closely as when the correction will come to an end we really don't want to miss the long opportunity:
