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Disclaimer: This is my personal Blog, reflecting my very own views on Forex , shares and commodity tradings. As such, all informations provided here are barely for information purposes only,. The author should not be held liable for any errors, incomplete information, delayed messages, or for any actions taken in reliance on information contained herein.This blog is new, being established on 06,May.2010. While I am executing trades, posting will be sent simultaneously. The date/Time indicated here is of US Pacific zone(++15 Hours for Singapore/KL/Beijing, Or ++7 hours GMT)

Sunday, June 27, 2010

NZD/USD --Trade Call Of the Week-TRIPLE TOPS OPPORTUNITY ??

The Nzd/Usd has been moving within the  line 0.7014(0.786 Fibo Retr)  and 0.7138(0.618 Fibo Retr) last week.,please refer to chart A,
 An Interesting  Triple Tops formation is in the Making, , meaning it may roll down after hitting another Top near 0.7138-0.7150 level. 

A triple Tops is a golden opportunity for traders to SELL Down .

An H4 chart with Ichimoku Indicators as shown on Chart B

Trade Strategy

Sell Down  near 0.7140--0.7160

First Target: 0.6933 (Please refer to chart)

Second Target: 0.6800 (Please refer to chart)

CHART B(H4)


CHART A
HAPPY TRADING

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