overbought and is due for the usual retracement. Keep in mind 1000 hr momentum has been flat and is now slightly trending towards NZD strength. This means that the time window for this trade will be tight .The TP will probably not get hit but we can lock in the gains with a trail at half way. Stop out @ a little above new highs to allow some margin of meaningless monday market movement.
Last big momentum push was up to a 3.1% gain then a retrace so do not panic if the trade starts out to go against us.
Basically we are riding the top of the flag down for a short term trade.
Last big momentum push was up to a 3.1% gain then a retrace so do not panic if the trade starts out to go against us.
Basically we are riding the top of the flag down for a short term trade.