Unlike AUD, it is NZDUSD which is completely invisible to down trend when looking at the weekly stick. weekly The current position is a difficult place to hit the YPP (S1) and the trend line. Because it is a range market, I'd like to think about long at the bottom of the range. However, as far as EMA is seen, the closest direction is down. Therefore, long...
Unlike AUD, it is NZDUSD which is completely invisible to down trend when looking at the weekly stick. weekly The current position is a difficult place to hit the YPP (S1) and the trend line. Because it is a range market, I'd like to think about long at the bottom of the range. However, as far as EMA is seen, the closest direction is down. Therefore, long...
ZU - up huge premarket. Gapping above a strong resistance and clearing the 200 SMA. For a day trade, this is probably gapping too far to play today. However, give this a week or two... and one could buy the bounce. IF ZU pulls back to 17.52 (could do a limit buy off of that). DOUBT that ZU pulls all the way back to $15 but if it does, great buying location on the...
ZU expected to open at 14.00 for a Gap N Go. Last candle is bearish on the 15min chart. To learn to trade this strategy for free go to www.RealLifeTrading.com
ZU was beaten to downside from $73.3 right to low $40ish. After two green days with nice close near highs it looks poised to make a move higher to next resistance at $44ish then we have down trend line resistance at $46.80, stop below $40.70ish low of the day makes sence. Short float 38% could add fuel to potential upside move.