ForexTrendline

NZDUSD decline continues! What to do?

Short
FX_IDC:NZDUSD   New Zealand Dollar / U.S. Dollar
Last week we saw an impulse drop of over 200 pips.
Minimal correction followed, but apparently the movement has no upward force.

This allows for new sell trades with a target of 0.6841.
The recommended stops are at 0.7041.

Thus we have a ratio of 2: 1.

If the previous bottom breaks, the stop moves to the entry levels!

For a moment of entry at this and other possibilities contact us!

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