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DLavrov
Feb 13, 2018 5:44 PM

NZDJPY Sell Opportunity Short

New Zealand Dollar/Japanese YenFXCM

Description

The price is below the cloud and it is going to break the uptrend line and 78.30 support level. DMI supports the downward movement. We have a sell opportunity. Entry level is 77.95 with stop orders at 79.80 level. The main profit target is 76.00 level. The part of trade volume can be left for long run.
Comments
Jefe
The more likely scenario is for it to respect the trend. JPY is under heavy manipulation today. Overreaction to Kuroda reinstatement another factor.
DLavrov
@fakhan, if the price can't break the uptrend line, it will be possible to think about buying above 79.30 resistance level.
NoahD
gross TA....too many lines. clean it up
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