FX.co ★ NZD/USD Trading Recommendations 16th June 2016

The price has risen and tested our stop loss level from yesterday but has not closed above it yet. We play an aggressive bearish move from here because of the beautiful wave structure (62% retracement) and beautiful a-b-c corrective wave.

Trading recommendations:

Sell now and once more at 0.7110

Stop loss at 0.7150

Take profit at 0.7010