Short EURNZD at the 1.68 level

2016年5月7日

EURNZD will reach 1.68 in about 140 pips. This is the March and April high and there is a shark pattern to short. This maybe the turning point for the pair but in any case, there will be a good reaction to catch some pips here.

2016年5月9日

交易進行

The level has been reached but I am not ready to short yet. We need to see the reaction to the zone and also wait for the next 1 hour bar.

NZD is very weak so likely this trade isn't going to pan out well.