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VladimirRibakov
Sep 13, 2016 2:12 PM

NZDUSD Buy Setup Forming Long

New Zealand Dollar/U.S. DollarFXCM

Description

I will be looking to execute the buy on the H1 chart. The buy entry will come after two things. First of all i want to see the price going below the level marked on the image – 0.7290 or so.

Next step is to wait for the breakout above the most recent bearish trend line. This is where the buy would come.

Stop loss – below the most recent low.

Target 1 – 0.7360.

Target 2 – 0.7440.
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