A descending triangle has formed but I will put a entry order at 1.406 and hope that it falls through the floor and finds support at 200EMA.
Shorting Coca cola for a few days
Possible short trade to hold a few days
stop-loss just underneath EMA 50 and target 9,6. If it falls to stop-loss reverse position and place stop-loss at 9,35 with target EMA 200.
We will have to see where we go from here.
I don't think we have seen such a steep climb since 1999/2000 and learning from history the only way a climb this steep can end is in a crash.
Short
EUR/NZD is in a bearish trend channel and is just at the roof of the channel. A risk that it might brake the channel but I think it's going to fall down to the support at 1.65263.
Bullish
An analysis of support and resistance levels ranked from which I believe is the strongest support and resistance levels.
A few more points down until we reach support level and we might climb all the way to 10USD/SEK
Två alternativa kursutvecklingar som kan komma att utvecklas inom en snar framtid.
