Good morning team,
NZDUSD has seen recent action to the downside with a great impulse down with no signs of exhaustion...
However we are now seeing the exhaustion, and possible pull back..
If it pulls back into my 50% retracement, which is also in line with resistance (previous support) i will sell here...
Or even better if it touches my 100MA i will sell and put stop losses just above the 100MA and the 200MA.
TP 1 - previous lows
Tp 2 - manage the trade!
What do you guys think! ??
Have a great Monday!
-L
NZDUSD has seen recent action to the downside with a great impulse down with no signs of exhaustion...
However we are now seeing the exhaustion, and possible pull back..
If it pulls back into my 50% retracement, which is also in line with resistance (previous support) i will sell here...
Or even better if it touches my 100MA i will sell and put stop losses just above the 100MA and the 200MA.
TP 1 - previous lows
Tp 2 - manage the trade!
What do you guys think! ??
Have a great Monday!
-L