Kiwi's trap for sellers

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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.

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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:

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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!

The material has been provided by InstaForex Company - www.instaforex.com