Text Book - Support becomes resistance

FX:NZDUSD   New Zealand Dollar/U.S. Dollar
96 0 1
a year ago
Text book move, support now becomes resistance.

0.6620 area broken, which now opens the door to further downside. Will add to short position if we can retest the 0.6620 area 200 MA getting in the way at present. SL moved to break even. Targets based on FIB levels.
a year ago
Trade active
a year ago
Comment: RETEST - Adding to short - 0.6620 stop order.
a year ago
Comment: Thanks to NFP numbers both stops move to TG1
a year ago
Comment: Still hovering between TG1 and TG2 - Stops still remain around TG1 zone.
a year ago
Comment: Because of thin markets yesterday I moved stops just below BE. Have moved stops back to just above TG1.
a year ago
Comment: TG2 Hit
a year ago
Comment: Trade still active, price has reversed just below TG1. Stops remain just above TG1.
a year ago
Comment: TG1 Stop reached. Positions closed.
a year ago
Trade closed: stop reached
a year ago
Trade active: Re-entered this at TG1

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