I believe we can find a huge resistance around 76.450, which can go all the way down up to 76, this might change however as buy orders might appear around this price.
I will take the majority of my profit at 1:1, then move my SL to break even, and let the trade run to see if we hit that 2:1 ratio.
Sincerely,
Emiliano Mesa Uribe
This is exactly how I believe NZDUSD is going to move:
1) Price will go down until 200 EMA
2) 200 EMA will act as support, and make it bounce all the way back up to resistance @ 0.66889
3) When the price touches resistance we will take the following position:
Key Points:
Entry : 0.66887
Take Profit : 0.66109
Stop Loss : 0.67057
Ratio : 4.5/1
Good luck and...
So I am about to take a long on USDCAD -0.02% and ill tell you why. I decided to take this trade on a couple of my favorite indicators which all suggested me to buy. 1st my 30 & 50 MA just crossed my 100 MA upwards, meaning (in case you already didn't know) a very strong movement upwards. 2nd my default MACD finds itself very close to 0 line, yet the blue line is...
![AUDJPY: AUDJPY [Short] - Emiliano Mesa](https://s3.tradingview.com/g/gLnC1YzU_mid.png "AUDJPY [Short] - Emiliano Mesa")
