History repeating itself - Forex News by FX Leaders

History repeating itself

Posted Tuesday, March 29, 2016 by
Skerdian Meta • 1 min read

Yesterday we had a NZD/USD sell forex signal which missed the take profit by just one mere pip during the night only to reverse and hit stop loss after the US inflation numbers missed the expectations. Today looks like the history is repeating itself. After that signal was closed yesterday we opened another sell signal in the same pair but 42 pips higher. The price tumbled last night but again it missed the take profit, this time by 3 pips and reversed back up. Now the price is around the opening level which looks ok, but we hope it doesn´t happen the same as yesterday. 

The price missed TP last night by just 3 pips

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About the author

Skerdian Meta // Lead Analyst
Skerdian Meta Lead Analyst. Skerdian is a professional Forex trader and a market analyst. He has been actively engaged in market analysis for the past 11 years. Before becoming our head analyst, Skerdian served as a trader and market analyst in Saxo Bank's local branch, Aksioner. Skerdian specialized in experimenting with developing models and hands-on trading. Skerdian has a masters degree in finance and investment.
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