Very much a similar situation chart-wise to my previous EURAUD post .

I tried unsuccessfully to short this beast last week and gave most of my profit back to my break even stop loss.

I’m holing a small short from Friday (once bitten) and this time I am in a better position with my entry and have built a fair pip tally with these early moves. I will be looking to add if the downside continues. – The area between 1.7215 -1.7115 could see some consolidation near term after price got a knock back from the 127% extension .

 

EURNZD-H4

Horatio Dubsly

Collects more scalps than Crazy Horse and newly crowned Bitcoin & Dow top calling master.
Philosophy: "Trading rules.....it most certainly does"

Read how Horatio got into trading here
Horatio Dubsly

Pin It on Pinterest