Monday, December 17, 2012

NZDUSD Short Trade NZDUSD Resistance Short Trade

On NZDUSD daily charts, the around the highs of Feb end is holding up.

Price is backing off after touching that area. Price looks over-brought as well.

I went short at 0.8450 and plan to add more on any spikes towards the resistance area. 

----------------------------------------------------------------------------------------------------------------- NZDUSD Resistance Short Trade
UPDATE ON 18DEC12 at  2:25GMT: Resistance is holding up very well. 

Looks like price is consolidating near to highs. 

----------------------------------------------------------------------------------------------------------------- NZDUSD Resistance Short TradeUPDATE ON 21DEC12 at  3:00GMT: 
I booked the short at 0.8310

Its total of +140pips profit. 

A good one. 

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