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Forex Trade EURNZD 190 Pip Short

How I Analysed Foreign Exchange Currency Pair EURNZD before shorting the market 190 pips.

I was watching this pair in a rising channel with a Bull bias but the actual price was negative as bears had the top.

Forexmospherian Currency Kraken had CBA ( Crystal Ball Analysis up to and greater than 1 weeks notice) printed Negative 2nd January 2018 thus giving me advanced notice to prepare for the short.

The top end pattern here is actually Bull horns and needs to go in the note book for one to watch much later at that mark.

So the next pattern is a Ascending Triangle which breaks to confirm the bears have the market. Incidentally, the break of ascending triangle formed main support of the rising channel too, therefore to me was a really great to place my entry there. Currently the H3 patterns for a minor continue to short but we need minor frames for entry and confirmation.

Forexmospherian Particle Accelerator (FPA) currently prints:

FPA CBA (Up to and greater than 1 hours notice) = Negative

5 Second FPA = Pos

1 Second FPA = Neg

0.05 Second FPA = Pos

Best Regards,

Sir Gissachance

  

Sir Gissachance (PPND)
Forex Trader and Senior Technical Analyst
Currencies USD, EUR, GBP, JPY, AUD, CAD, NZD, HKD, CHF, All.
Previous contributor and lead Trader: Secret Forex Society (SFS), IRC Forex, FXStreet, Forexmosgate, Forexmospherians.com
Market Alerts - Forex Trading and the Wisdom of the Crowd, Forexmospherian Currency Kraken.
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Comments

  • nice short ,perfect charts.

  • Thanks Genxtrader and great to see you about.

  • Awesome charts and Awesome entry

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