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NZDUSD Free Forex Trading Signals – 15th Dec 2016 

 December 15, 2016

By  Advanced Strategies

Yesterday’s FOMC meeting and Federal funds rate have given a big shake in the market. Some pairs have broken important support/resistance levels and nicely poised so far. Among them NZDUSD looks good to offer sell entries. After having a bearish trend on the Daily chart, the pair made corrections. Yesterday’s news event made the pair make a huge 4 hourly bearish candle. The candle is good enough to push the price down in coming days.

Let us have a look at the 1 hourly chart to find out the equations to ride on that bearish trend.

NZDUSD Free Forex Trading Signals – 15th Dec 2016

See the price got rejected from the level of 0.71150 today. Now we have to wait for a break out at the level of 0.70750. If price gets broken by an hourly candle, then we should take our sell entry by targeting the level of 0.70000 as our first target. The pair might go up to the level of 0.69420. However, it would be best to set our take profit at the level of 0.70000 because of two reasons.

  1. This level was a good support on the daily chart’s correction.
  2. It is a big round number, which always plays a big role in the market.

So here’s what we gonna do…

  • Entry – enter a Sell Stop Order 0.70745
  • Stop loss- 0.71250
  • Take profit- 0.70000

Comment below if you have questions on this trade and please let us know if you made money if this trade signal. Good luck!

You can also take a look at our previous (and most likely profitable) Free Forex Trading Signals Here.

We hope that you enjoy our Free Forex Trading Signal today: NZDUSD Free Forex Trading Signals – 15th Dec 2016.

Tip of the day:
Choosing the right time frame to trade can be tricky. Since there are so many time frames available from 5M to Month, it gets difficult for the traders (especially beginners) to choose the right one. In my opinion, 4 Hourly/daily are the two best time frames to spot out trend and 1 Hourly is the best candle to take entry on. Any shorter time frame than these are normally very shaky and often leads traders to take wrong entries. They do offer more entries though. However, it is not the number of entries that brings us money, but the green pip does.


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  1. I just get got home from the hospital and get 8 dollar in profit.
    I trade with a micro account with 300 dollar.
    Fantastic signal!

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