Reasons:
1. This pair just broke the daily trendline (channel) and managed to retest the trendline and still became a resistance that makes the price go south.
2. EMA 21 was respected and bounce lower to form lower lows, am expecting another lower low to form.
3. Fibo level 38.2% was met. Am playing around with the support/resistance from fibonacci.
4. 1.6375 support must be met! Go NZD !!!
Trade carefully as this RR is not so pretty. Just a medium-swing trade ;) Happy trading all
1. This pair just broke the daily trendline (channel) and managed to retest the trendline and still became a resistance that makes the price go south.
2. EMA 21 was respected and bounce lower to form lower lows, am expecting another lower low to form.
3. Fibo level 38.2% was met. Am playing around with the support/resistance from fibonacci.
4. 1.6375 support must be met! Go NZD !!!
Trade carefully as this RR is not so pretty. Just a medium-swing trade ;) Happy trading all
Trade active:
Sell was excited on Monday and currently having +122 pips! Woots what a trade :D
Trade closed manually:
Price closed above the trendline. Hence, closed with -124 pips :(