NZD/USD breaks above a 2 year descending trend line [Video]

Jason Sen DayTradeIdeas.co.uk

After 100 pip winning trades in EURUSD & GBPUSD last week, don't miss today's Forex trade idea with 250 pips potential profit for this week.

The dollar has been weak & we have been capitalising on the recent declines in the dollar by buying EURUSD & GBPUSD this time last week.

Today we have another opportunity to capitalise on further potential downside moves in the dollar bear trend, as NZDUSD breaks above a 2 year descending trend line, 23.6% Fibonacci & 200 week moving average.

Author

Jason Sen

DayTradeIdeas.co.uk

Jason Sen began his career in the options pits on the trading floor of LIFFE in 1987 at the age of 19, making markets on his own account. In 2001 when the trading floor closed he successfully made the transition to day trading on computer screens.

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