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MEX_Exchange
Oct 3, 2017 2:19 AM

NZDUSD profit target reached perfectly, prepare to buy  Long

New Zealand Dollar/U.S. DollarFXCM

Description

Buy above 0.7174. Stop loss at 0.7150. Take profit at 0.7224.
Reason for the trading strategy (technically):
Price has dropped and reached our profit target perfectly. We prepare to buy above major support at 0.7174 (Fibonacci extension, horizontal swing low support) for a push up to at least 0.7244 resistance (Fibonacci retracement, horizontal overlap resistance, Fibonacci extension).
Stochastic (34,3,1) is seeing major support above 0.8% where we expect further bullish price action on.

Comments
MAKDXB
Morning , pair dropped to 0.758 , do you expect to continue until 0.7142 S2 daily support . Thanks
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