If you didn't take a profit when this pair recently went down for a limited time today; you might want to take in to consideration that there is no significant news for the NZD this week and it may retrace higher before continuing on its down trend. There is also an AB=CD pattern at 0.7177. This is simply a thought, and I wish you the best on your trade. Regards, Gartley
Possibly PaulRon, I think at this stage it's more of a correction than a reversal given the size of the moves the bullish dollar made. From my charting, an official reversal would start at 1.5300 on the eur/usd. I see another test of 4600 more likely than the first correction target of 4900. But hey, i have been wrong before and have posts that prove just that...lol
closed trade@4700 for 85 pips. Eur/usd is having trouble breaking through support currently. I will wait for a breakout or a bounce. hopefully this is not one of those times i pulled the trigger to quickly on a trade. time will tell.
stopped out (in retrospect not a good trade. I didn't keep my eye on oil.) 1,380,984 lesson learned while trading....lol
Interesting area with aussie dollar maybe in a bear flag... canadian dollar could be retesting triangle before more downside. <img src="http://elitetrader.com/vb/attachment.php?s=&postid=2039416">