Seeking Alpha

The ForexGuy's  Instablog

The ForexGuy
Send Message
I have been involved with Forex trading for about 6 years now and after being disappointed with mainstream indicators I discovered price action trading relatively early in my career. Since then I have made price action the focus of my Forex trading, embracing it with a passion. I don't like... More
My company:
The Forex Guy
My blog:
The Forex Guy
  • EURNZD Sells Off Aggressively As It Corrects To The Mean 0 comments
    Nov 1, 2013 7:57 AM

    (click to enlarge)

    We discussed the bearish situation on the EURNZD daily chart yesterday. The bearish mean reversion trade opportunity at extreme prices at yesterdays bearish pin bar.

    Just a follow up post, the trade has be driven into profit as the market did snap back towards the mean.

    Now we a watching the support level for bullish price action to present itself as an exit indicator for this trade. We don't think this support will hold due to the aggressive bearish power candle yesterday. If support breaks then there is plenty of room for the market to move lower here.

Back To The ForexGuy's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »

StockTalks

More »
Posts by Themes
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.