Investor.Unity
Short

NZDUSD Analysis 22/10/14

FX:NZDUSD   New Zealand Dollar/U.S. Dollar
27 0 0
Long term trend: Up
Medium term trend: Down
Significant Levels: 0.784 (Horizontal Support), 0.8 (Significant Round Number and Horizontal Resistance), Downtrend Line

Yesterday's bar formed a Large Bearish pin bar , rejecting the Significant Number. This is a signal for us to place a Short trade now.

Trade setup:

Sell: Around 0.7990 area
Stop Loss: Around 0.8050 area
1st Profit Target: 0.7900
2nd Profit Target: 0.7850

Trade well.

Disclaimer: Anything can happen in the market. The trade setup provided above is just a recommendation from our trader/s and there is no guarantee that it will be successful. Trade at your own risk.
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