19MAY UPDATE: SHORT TERM BEARISH BIAS. READ COMMENTS SECTION BELOW FOR UPDATE.
NOTICED I DID NOT POST A EURNZD IDEA.
HERE IT IS.
PRICE CLOSED 2 PIPS ABOVE 1.5300 LAST WEEK. HIGHEST IT REACHED FEB 16 2015.
THE FACT IT CLOSED 2 PIPS ABOVE MAJOR RESISTANCE AND PREVIOUS W1 PIN BAR SIGNIFIES IT WANTS TO CONTINUE UPWARDS.
TODAY IT GAPPED UP DUE TO NZD WEAKNESS.
ONLY DOWNSIDE IS HIGH RSI VALUE.
LOOK TO BUY AT RETRACEMENT. PREFERABLY 1.5300 OR EVEN LOWER.
I HAVE DOUBT IT CAN CLOSE BELOW 1.5300 ON THE D1.
BUT WHO KNOWS? I MAY BE SO WRONG. BUT ANYWAYS.
OUTLOOK IS BUY ON THIS PAIR THIS WEEK.
ON H1, PRICE HAS FORMED INVERTED H&S AND HAS BROKE UPSIDE OF THAT PATTERN. CONFIRMING BULLISH NOTION.
SEE H1 FOR INVERTED H&S
NOTICED I DID NOT POST A EURNZD IDEA.
HERE IT IS.
PRICE CLOSED 2 PIPS ABOVE 1.5300 LAST WEEK. HIGHEST IT REACHED FEB 16 2015.
THE FACT IT CLOSED 2 PIPS ABOVE MAJOR RESISTANCE AND PREVIOUS W1 PIN BAR SIGNIFIES IT WANTS TO CONTINUE UPWARDS.
TODAY IT GAPPED UP DUE TO NZD WEAKNESS.
ONLY DOWNSIDE IS HIGH RSI VALUE.
LOOK TO BUY AT RETRACEMENT. PREFERABLY 1.5300 OR EVEN LOWER.
I HAVE DOUBT IT CAN CLOSE BELOW 1.5300 ON THE D1.
BUT WHO KNOWS? I MAY BE SO WRONG. BUT ANYWAYS.
OUTLOOK IS BUY ON THIS PAIR THIS WEEK.
ON H1, PRICE HAS FORMED INVERTED H&S AND HAS BROKE UPSIDE OF THAT PATTERN. CONFIRMING BULLISH NOTION.
SEE H1 FOR INVERTED H&S
