NZDSUD - Since november it has skyrocketed.
Nzd and Aud has been doing great since November last year. Like a rocket it continued going higher and higher, due to a weak US dollar but also
we have noticed large abnormalities in data where the institutions (big money) are going long.
Now we have done two different levels of demand. If the first one is broken, the price may go all the way down to the second one. If this happen, go long at the second demand. Some say you should not
trade against the trend and we do agree on this point - however it all depends from the situation and actions of the market.
If there is a 200 pip drop - should we sit back and do nothing?
we have noticed large abnormalities in data where the institutions (big money) are going long.
Now we have done two different levels of demand. If the first one is broken, the price may go all the way down to the second one. If this happen, go long at the second demand. Some say you should not
trade against the trend and we do agree on this point - however it all depends from the situation and actions of the market.
If there is a 200 pip drop - should we sit back and do nothing?