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Wma150

GBPNZD LONG In the GBPNZD we are having the same circumstance as in the other todays analyses, it is ending a correction movement inside an upward rally, it touched the 150 WMA and found a historic support coinciding with the 38% - %50% levels of fibonacci. I drew trend line (Orange line) and it was crossed so I am inside with: - Partial Close 1.9740 - Stop Loss 1.8590 - Last partial close, moving the stop loss. Remember: Always move your stop loss, You Never should convert a Winning position into a lossing position
Long
by fjmartinez.trader
NZDCAD SHORTWith the NZDCAD we have the reverse situation as I writed in the EURAUD analysis , it is in an downward rally, is inside correction and is finding an historic support area coinciding with fibonacci level of 38% and is touching the 300 WMA. It could be a signal showing the end of the correction. I draw a trend line (Orange line) and if it is crossed downward and the 150 WMA (Green) is crossed too, I'll open a sell order with: - Partial close 0.8710 - Stop loss 0.9260. - Last partial close, moving the stop loss. Remember: You Never should convert a Winning position into a lossing position
Short
by fjmartinez.trader
XAUUSD LONGThe Gold currently is in a upward rally (daily Time Frame), after a short pullback where it has found a support area (coinciding with the 8 ema), it will continue with its rally. We are using an one hour time frame to find the best moment to enter into the rally, and we will have a good oportunity when the price will cross the 150 wma We can put our 1/2 TP in the previous Higher Price (1324) the 2/2 TP in 1339 and the SL in our previous Lower price (1305) I always recommend to move the Stop Loss, you Never should convert a Winner position into a losser position
FX_IDC:XAUUSDLong
by fjmartinez.trader
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