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CBMotivation
May 21, 2018 5:36 AM

EUR / NZD - Quick opportunity for this downtrend - SHORT 做空

Euro Fx/New Zealand DollarFXCM

描述

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.

评论

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

交易开始

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

评论

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

评论

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

交易结束:到达目标

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

交易结束:到达目标

Second target achieved, this turned into a lovely trade

交易结束:到达目标

Final target achieved.

评论

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

评论

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

交易开始

交易结束:到达目标

Made a lot of profit on this, target achieved
评论
Renji
How come you achieved target 1.62???
RAMbelhaj
I short it last week at 1.6997. So I am on. I hope the best. My target will be 1.6980. Thank you.
RAMbelhaj
Nice):
CBMotivation
@RAB2018, Glad you're enjoying it, more to come, slow on this one.... many of the others are doing very well indeed
dr90210
@CBMotivation thanks! is that a long term target?
CBMotivation
@dr90210, Yes, short term look for 1.69370
RAMbelhaj
Ok thanks.
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