DislikedNot perfect but a pin imho at daily NZD/USD at last high resistance... i will wait for a break and see... i dont like that its at historical high or so.. but let see
MattyIgnored
High Matty,
I don't know why you say you don't like the fact that this is at historical highs. If you look back in time when prices reach extremes they sometimes provide the best trading oportunities.
At any rate here is what I see with my foggy glasses.
I notice the PB forming today. I also notice divergence in price and CCI.
The PB is bouncing off of the previous highs made last week which indicate that this is a good area of resistance. So the probability of a rejection from this point again is good.
I am playing this trade with an entry below the PB and partial profit taking near the first area of support which is the last reference low. Then trail the rest.
Lets see what happens.
Steve
==========UPDATE=========
This bar did not complete as a PB so I am not trading this as previously stated. Hence the imposrtance of waiting for the bar completion
Nothing is impossible, with a willing mind!