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NZDUSD profit target reached perfectly


1 December 2017

Buy above 0.6820. Stop loss at 0.6785. Take profit at 0.6874.

Reason for the trading strategy (technically):

Price has dropped perfectly and reached our profit target. We look to buy above major support at 0.6820 (Fibonacci retracement, Fibonacci extension, horizontal overlap support) for a push up to at least 0.6874 resistance (Fibonacci retracement, horizontal overlap resistance).

Stochastic (34,3,1) is seeing strong support above 0.8% where we expect a strong bounce from.

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