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