NZDUSD 18/2/2016

Breakout at the trendline level could drive the price to go UP.
a good Rejection is a must to enter a buy position

Looking for the same plan to go short

* 0.65600 is an important level

Kommentera:

The 200EMA on the Daily is closing in which could make the entry risky. However to play it very very safe one could look for an entry after a break out and rejection at 0.68800.

Kommentera:

Waiting for break out from the hot spot and I will be looking for short