-551 Points Loss Reached in NZD/USD Sell Signal

Reason for Selling NZD/USD :

NZD/USD was moving between the ranges in H4 Chart for long time.

After market reaching the strongest level 0.73, market starts to fall down slowly.

Breakout happens at the bottom of the range.

After the confirmation of Breakout, the Sell signal was given.

Due to the fundamental reason, Federal Reserve Chair “Janet Yellen” Speech. NZD/USD market has went up in short time.

Finally, market re-tested the breakout level and went down few points, then enters again into the range to reach our stop loss price.

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