Marenno

NZDUSD Sell at bounce of 0.725 (after Breakout)

FX:NZDUSD   New Zealand Dollar / U.S. Dollar
As the price has bounced of a daily channel, the possibility is, that the weekly support - 0.7250 area break is likely to happen. I suggest, Sell Limit, after a breakdown, as shown in scenario 1,

SL above 0.7350 (I suggest to trail, and use a "timing" stop also)
1st Target at 0.7000
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