FREE FX TRADING SIGNAL NZDUSD SHORT

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SELL/SHORT 0.75589 (BLACK LINE)

STOP 0.7686. (RED LINE)

TAKE PROFIT 0.72180 (GREEN LINE)

We are in a clear down trend and have a nice pull back to a previously established support level now acting as a resistance level. We are also in between Fibonacci retracement levels of 50% and 61.8% We also have reversal candlesticks forming, clear pin bars and engulfing bars and spinning tops. All these factors have contributed to us shorting this pair. The stop loss is slightly wider than usual as we feel the pair might hover around this area for sometime. Also this is a bit of medium-long term trade and it might take some time before we see profits.

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3 thoughts on “FREE FX TRADING SIGNAL NZDUSD SHORT

  1. zohaibayub85 says:

    order has been executed

  2. zohaibayub85 says:

    Move stop to 0.7630 trade is currently in 180 Pips profit leave the position open. We expect further decline next week

  3. zohaibayub85 says:

    We have the NZD official cash rate coming up later tonight, so we are closing the position at 0.7237 that is 320 pips profit

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