DailyFX Forum - View Single Post

		DailyFX Forum
Sidebar Wrapper

1,045 Users Online

Thread: Trend Line Trading

View Single Post

#203 (permalink)

12-30-2008, 02:19 AM

brad_1199

Guest Moderator

Join Date: Sep 2005

Posts: 2,438

NZDUSD

NZDUSD may be about to break higher... Wait For A Daily Close Above Resistance At .5900 to enter long... Targets at .6341 and .6700

There are two visible down trend lines on the chart... Price has already pushed above the first one and will now most likely attempt a rally toward the second down trend line

Last edited by brad_1199; 04-09-2009 at 12:12 AM..

Disclaimer: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts. Any opinions, news, research, analyses, prices, or other information contained on this website is provided as general market commentary and does not constitute investment advice. Forex Capital Markets LLC. will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.