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Tendorian
Jan 15, 2017 3:46 AM

NZDUSD Forecast January 16-20 Long

New Zealand Dollar/U.S. DollarFXCM

Description

Long bias, There's no signs of this pair stopping its advance. Keep buying on pullbacks and TP at next resistance. The stronger resistance area is still far away above 0.7300.

This is my forecast for the week ahead. It will be updated everyday during asian session for any changes. Do scroll down to look at the comments for updates.

If my charts are not clear, you can pm me anytime to ask any questions, I am more than willing to help. And if you want to look my my positions, you can click my etoro link from my profile, you will see my trading positions under portfolio.

Nothing is 100% in trading, it is a game of probabilities. Be nimble when trading, never have a strong bias. I can turn from bullish to bearish in a day if price action tells me so.

Comment

Tuesday

Still waiting for a resistance break to buy on pullbacks.

Comment

Wednesday

Waiting for a pullback to go long.

Comment

Thursday

Very deep pullback, but no trend change yet, so still up.

Comment

Friday

Keep looking up.

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