EUR/NZD Waiting to break out

4 déc. 2019

EUR/NZD is in a nice downwards trend, we can see on the daily chart the price has closed under the 200EMA (Blue) indicating the path of least resistance is now to the downside. On the 4 hour we are having some price consolidation. once price breaks the consolidation we can trade this down to the trend line at 1.68500.

I will update this trade once it becomes active, we will only enter the trade once we get the break. Be patient and wait for the signal :)

Please like and follow, your support means a lot. Thanks :)

4 déc. 2019

Note

We just had the nice push down, strong bearish momentum in play now

5 déc. 2019

Note

This is playing out nicely, price has reached 1.68900.

Take partial profit here and move your stop loss to break even, we are now in profit and in a risk free trade :)

6 déc. 2019

Trade fermée: cible de profit atteinte

Again rice has come down to 1.68900, i am going to close the 2nd part of the position here as i do not want to carry this trade into the weekend.

We have gained a 100pip move from this pair, i will now exit and enjoy the pips :)

6 déc. 2019

Note

Price came down and hit the targeted trend line just as market closed, great way to end the week.