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Forex-trading-signals

Short Term (Daily) Bearish play for NZDUSD!!!OANDA:NZDUSD Short Term trade idea for NZDUSD Sell at 0.73250 for a drop towards 0.71340 towards 0.69590 Stop loss at 0.74620 Reason For Short Market close to and pulled back below descending channel resistance. Market currently below 0.73250. This is the 23% Fibo retracement level. A close below this level will strengthen the bearish play for a drop towards 0.71340 which is the 61.8% retracement of the whole move. RSI currently also shows some slight divergence and also some room for downside.
Short
by talenttrader
Bearish on EURINR for a few weeks after the rate hike decisionHi everyone! I love your support! I am Bearish on EURINR based on patterns on the daily and weekly chart. There is a European central bank rate decision in a few days which will decide the direction of the trade and bring volatility into the market. Important zones of support at 73.70 have been broken and a retest of that level can be expected before price moves lower. Only and only once price reaches 72.6850 do I think of entering a trade. The order will be as follows. Entry to sell once price touches 72.71 Stoploss at 73.9 Target profit at 70.25 Edit the trade and bring the stop loss to break even when price reaches 70.90. At this point exit half the position and secure some profit. As always trade safe.
Short
by yashp1
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