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.
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.