empty
 
 
26.03.2020 07:52 AM
Kiwi's trap for sellers

This image is no longer relevant

Good day, dear traders. I present to your attention, an analysis of the NZD/USD pair.

Over the past three months, we have seen the decline of the pair accelerate by about 1000p. As a rule, such accelerations are the culmination of the current movement, where after which, the pair goes to a reversal.

This image is no longer relevant

Today, we have a short (horizontal level with sellers' stops) on the D1 timeframe, at the quote of 0.59150. If you are a seller of NZD/USD on D1, you will have to hide the risks behind this level:

This image is no longer relevant

This is a trap that the sellers have fallen into, which will soon end. Don't miss this chance to make money on longs, so fix it at the breakout of 0.59150. The potential is 1000p from the current prices. If the price is given better, the potential may even increase.

Good luck in trading and control your risks!

Andrey Shevchenko,
Analytical expert of InstaForex
© 2007-2024
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $1000 more!
    In April we raffle $1000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback