Hi traders, you may have noticed our EUR/NZD idea from a few days ago. I am glad to say that we took the trade which is now in significant profit.
The triple bottom / fake breakout pattern showed to hold, pushing the price lower almost 200 pips. The apparent economic slowdown in the Eurozone didn't help either to stop the fall.
Notice the triple bearish divergence in the RSI, which confirmed our bearish bias and highlighted the reversal potential of the fake breakout.
The triple bottom / fake breakout pattern showed to hold, pushing the price lower almost 200 pips. The apparent economic slowdown in the Eurozone didn't help either to stop the fall.
Notice the triple bearish divergence in the RSI, which confirmed our bearish bias and highlighted the reversal potential of the fake breakout.
