Wednesday 30 November 2016

Long NZDUSD

Long NZDUSD at 0.7150
Stop Loss at 0.7056

We have taken a buy inspite of the fact that we have a counter trend move going into a resistance zone. I think that because of the divergence we see on the chart there is a chance that the strong price movement over the past few days may break throught the resistance. Moreso because our oscillator is also showing very bullish indication.  Meanwhile, we are ready to flip round and sell if the downtrend resumes.

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