Eur / NZD - Nice 1h Pin - SHORT

I've sold this pair many times in the past few weeks, and with the current strength of the Kiwi and bearish nature of the Euro, this is an opportunity I don't want to miss out on, especially with crazy Friday approaching and an Asian overnight.

This pair are very bearish and we're currently running inside a decending channel, below previous support @1.675 and we've today rejected last nights open, with a nice 1h pin, all giving me a reason to short this pair, albeit short term down to 1.65

註釋

We've seen higher highs on 1H on this pair since yesterday afternoon, tracking up to the corner of the channel and continual testing and rejection of last nights open which is acting as a resistance, Kiwi $ strength is benefitting us on this pair. I'm expecting this pair to drop down towards 1.66 within a few hours, if it breaks the open, it may spike up before it falls.

Use the open to get short with stops shown on the screen above the channel.

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Bull market today, we're going much higher after the EU PMI's came out as expected.

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We'll break out of the channel and up to the previous highs, looks like I'll be holding this one until next week for it to turn bearish.

註釋

Small sell-off in the Euro right now and the Kiwi is rising, it's short-term at the moment or has the rally finished?

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Weakness on the Euro increasing on this pair, again, maybe just a pullback, but the Kiwi has risen above the Euro in the last hour

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I'm off out for coffee and cake with my good lady, speak in a few hours, we need Euro weakness and a bounce back of the Kiwi.

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Not there now, Euro is growing and Kiwi in slight recovery

註釋

Look at the Blue line dropping faster than other currencies and the kiwi is almost above 1.0, a good sign for this pair, we need this to continue.

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Once this hits break even, the trade will close if that’s today. If not, I’ll hold over the weekend and see what the Euro is doing on open

註釋

Trade remaining open ....

註釋

Kiwi and Aussie $ are the strongest currencies this morning, followed by the Euro, so this may take a while, target down at the low of the channel 166 and then 164.5

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The Euro is running out of energy at the moment

註釋

Today will be one of those days when trades are trying to find their levels, break levels and support new trends, you can see this in the aggressive moves happening very quickly.

It's incredibly important you stay patient for an entry, don't enter to just be in the market and if you've got a trade on a long-term, swing trade, be prepared to see larger sideways movements and therefore don't sit and watch them, don't enter with anything less than a 15m timeframe and preferable a 1h.

The Euro is strongish, but the Kiwi slightly stronger, forcing this pear to move sideways in an aggressive manner, my stops are now at breakeven on this pair, it's taken a while to get back into profit.

註釋

We're finally moving down, the Kiwi strength is working in our favour against a strongish Euro