NZDUSD SELL 0.7964 – July 16, 2012

NZDUSD SELL 0.7964 – July 16, 2012

A Sell Signal for NZDUSD was issued at 0.7964 on July 16 with the emergence of a  Daily Moving Average Crossover with Macro Level Resistance at 0.8000 implying a potential downswing.

Target 1 was 0.7900 / Target 2 was 0.7816 / Target 3 was 0.7516

nzdusd-16072012-sell-entry

nzdusd-16072012-sell-entry

 

The NZDUSD fell quickly and hit Target 1 at 0.7900

nzdusd-16072012-sell-target1

nzdusd-16072012-sell-target1

The NZDUSD pair continued to fall past the 1st target before experiencing a little bounce which then gave way to another downward leg hitting  Target 2 at 0.7816 which was positioned just above the lower Macro Level

nzdusd-16072012-sell-target2

nzdusd-16072012-sell-target2

 

The trade generated 148 Pips, making it another successful trade using Traders Elite Forex Signals.

This post is a summary of a trade Traders Elite issued and is for educational purposes only.

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