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MoolahMaker
Dec 11, 2018 1:03 AM

EURNZD - Incoming Drop Possibility Short

Euro Fx/New Zealand DollarFXCM

Description

Keep an eye out for EURNZD. It has dropped under the 1H 50 EMA.

As long as the 50 EMA holds as resistance, we have a go for a move back down.

Put your SL above the 1H 50 EMA with a little bit of space to it in case of volatility.

Trade safe.

Comment

If you have an open position, close it for the time being. Wait for the pair to successfully make a high test and confirm its resistance. Eventually, if the resistance holds strong we'll have a sell. If the resistance canoot hold, then we'll have a buy back up.
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