EURNZD weekly touch trade

9 ביוני 2015

Price just touched and reversed from yearly pivot and trend line. We have also some minor resistance, bearish divergence, fibo levels and 150MA + daily chart shooting star candle formation. This could turn out to be very strong move downwards. I entered exacty on pivot level with tight stop just above it. Another safe entry would be just under recent 4h chart support.

Keep in mind incoming fundamentals.