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Analysis 5.10.2107 Trade Recommendation: GBPNZD

The price is below the cloud and it gives us sell opportunity. ADX line rises above 20 level and allows trading. Also DMI supports further downward movement. We should be ready to see a breakout below 1.84000 level. Pending orders can be placed below this support at 1.83850 level. Stop orders must be at 1.85600 level. Profit targets are at 1.82000 and 1.80000 support levels. Don’t risk more than 3% from your deposit in this trade.
Market: GBPNZD
Sell: 1.83850
Stop: 1.85600
Profit Targets: 1.82100 and 1.80100

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