In my post of last week I commented that I wanted to see at least 2 swing points at resistance to confirm the channel and that I had no interest to buy the pair if it gave an upside break of the channel as upside and downside breaks of channels often give false breaks and this is exactly what happened with this pair during the week. I took my first sell at 1.70820 and will continue selling and only a Daily close above 1.70830/80 will negate my bearishness on this pair.

EURNZD - FOLLOW UP 28 OCT

Source: MARYNA

5 thoughts on “EURNZD – FOLLOW UP – 28 OCT”

  1. Charles Bidner says:

    Thankyou Maryna, recent EUR weakness and some support for the NZD after recent post election weakness would support your bearish bias for this pair. It would appear reading your post your analysis is purely technical? Have a fantastic (every)day!

    1. Maryna says:

      Hey Charles, thanks for commenting and reading my posts! Yes, I use technical analysis as a price action trader and although I will take ‘note’ of fundamentals, I’m not a fundamental trader at all.

      Regards
      Maryna

  2. Daniel Chan - Forex.Today says:

    Thanks Maryna, for the head up. I am looking to sell this pair on the way down for TP November MS2.

    1. Maryna says:

      Hey Daniel! Anything for you and let’s see how the pair plays out!
      Regards
      Maryna

      1. Daniel Chan - Forex.Today says:

        🙂

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