One more time

6 janv. 2013

23 Days ago we have posted a chart telling that it was time to short NZDUSD. (tradingview.com/v/8UtIfiMS) In 10 days it dropped 300 pips as we have expected and retraced back to %76.4 level. It has closed exactly at %50 level on friday with 3 bullish candles on 4H chart. We are expecting this momentum to help the parity to reach 0.8350 level. Stops will be 15 pips over 0.8400 at 0.8415. We will add to short if we reach 0.8365. 0.8150 level is another place to add short for medium term. Short term traders can take half of the profit at 0.8230 for +120 pips profit, moving the other halves stop to BE.

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