EURNZD: The journey of 900 pips completed

On June 03, we have caught an inverse head and shoulders pattern on the EURNZD pair over daily studies.

When the pair succeeded in clearing the neckline zones, we have updated our analysis and we advised our followers to close 50% of the long positions on May 10.

10

In the Asian session today, the remaining quantity of our long position has reached the complete target of classical studies.

EURNZD-18-06-2015-FXCOMMENT

Now, we are content with the 900 pips profit we made and will avoid trading the pair until we get new trading signs.

Amir El Araby

Co-Founder & Chief Global Strategist at FxComment.com, with 17 years’ experience in the technical analysis studies for FOREX, Commodities and Indices. Amir El-Araby worked as a mentor for many companies and institutes, where he presented new methods for trading in the financial market. Amir is a member of ESTA (Egyptian Society of Technical Analysts). Amir is also the official partner of Harmonic Trader (Mr Scott Carney) and the official instructor of harmonic trader association for Arab countries.

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