NZDUSD broke short at point A bursting through the support. The price action has now come back up to test that previous support as a new resistance level (Point B).
Once this breaks back through, this will be a good entry short placing your stop where indicated on the drawing.
There will be no take profit on this one but we will keep moving our stop to lock in...
Today I have a quite unusual stock. Instead of watching Italian football, why not watching some Italian stocks.
First of all we can see a bearish trend to the resistence line (1.1185). However, at this point it could reverse.
Points to consider:
- There is not high volume fluctuations (price will not increase/decrease drastically)
- Price quite below EMA 8 so the...