Friday, January 2, 2015

NZDUSD - Trading Signal - January 2nd 2015


NZDUSD has dropped sharply before the selling was stopped inside its support level from where I think we will see a reversal. I have entered my long position in this currency pair as I expect it to trend higher and I will enter more long positions every 25 pips lower from here until we reach 1.7490. I expect traders will seek good long entry opportunities in this currency pair and should have more than one entry in this trade in order to reduce risk.

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