FX:NZDUSD   New Zealand Dollar / U.S. Dollar
Yum. It seems like a super sell here, after days of a large drop. The pair tested the 38.2% (idea below) 11 times and the drop was expected. The pullback from the drop was nice...and we can expect the downtrend to resume, as indicated by the 200 day VWMA .

Large volatility incoming . I expect you to hold it until signs of downtrends appear.

Best of luck.

Riz.
Comment:
Comment: See that resistance level. Chuck Norris, that!
Comment: Stop at red. TP at green. (For scalpers)

Comments

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