Wednesday, March 12, 2014

NZDUSD Trading Signal - March 12th 2014






















NZDUSD appears to be rallying into a double top formation and I'm entering my short positions as I think it's going to start going down and reach the support zone. I will enter a long position once again if it approaches its support zone, but for the next couple days I expect forex traders to take some profits after a good rally. I recommend that you protect your profits and monitor your charts after we approach the support level.    





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