30 minute chart of EUR/NZD

30 minute chart of

EUR/NZD

Is it breakthrough the trend?

If not so

Enjoy it!

Unless what else we can do?

This game seems “very easy as a pie” if we respect its trend.

But the true is not.

It is not easy at all, especially in terms of “fear and greed” since it is 70% of mentality game rather than just technically issue of the trend.

We all are the slave of instinct and emotion. Perhaps it is a reason why we are superior to machines or perhaps, why we are not superior to machines in this game.

This is EURNZD of 30 minute chart.

It may be good for intraday traders.

Shall we see it

①     is 120ma which is supposed resisted line. if not, it is slightly lower than 240ma. It will not be a big issue considering the power of trend since we knew that the trend can’t be break out.

②     is symmetrical triangle which is supposed that some majors player have been battle and supposed that the winners are fellows of down trend(bearish phase)

Hence

Todays it is Saturday in Korean time July 12.2014 and is closed price (1.54365). As soon as opening the market, I wish you to take a position for downtrend.

 Until when?

 It is about to be seen by the double top of 60ma or break out the 120ma strongly           

The royal road to conquer the trading Forex/stock is synchronizing three master-intersection fields; chart analyzing, controlling psychology and money management. The Most troublesome field is the chart analyzing. For the professional trader, snapshot on time, our target should be predominantly to melt and to synchronize another three sub-intersection; ‘C wave point, Bollinger Bands and stochastic indictors, to naked the lowest point in this chart  excluding thoroughly lucky guess

Cassandra words:

It is an end of year December 30, 2012

And is EUR/NZD of Monthly chart for a New Year plan 2013

Cassandra is saying that it will be changed into the Uptrend within 2013 years

Because

①     Is Uptrend of Stochastic

②      and ③ are divergence enough for turning point of down trend