ForexTrendline

NZDUSD decline continues! What to do?

Short
FX_IDC:NZDUSD   Dollar Néo-Zélandais / Dollar Américain
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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