Forex Trade Setup – Nov. 29th

NZDUSD – 4hr Downward TKx
One of the few pairs to not break the kumo on the daily chart, the pair has still been selling off steadily and we expect this to continue – although likely after a small profit-taking bounce.  We are going to watch the 4hr chart for another TKx to the downside to occur between 7600 and 7500 for the pair to make another down-move to the 7300 level which is the bottom of the daily kumo.

In fact, many of the USD pairs are threatening TKx’s on the 4hr time frame so we suggest watching them this week and next for some further bearish signals on these pairs but perhaps after some profit taking.

These are just some of the techniques and methods we use to trade the markets.  If you are interested in learning more about these and other systems/methods we have, then make sure to check out our Price Action or Ichimoku Courses for further training where you can join a community of traders and get permanent access to our forum for continual education.  For more information about our services, visit 2ndskiesforex.com

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I'm Chris Capre, Founder of 2ndSkiesForex. I help traders of all levels change the way they think, trade and perform. As a professional trader, I specialize in trading price action. As a teacher, my passion lies in showing you how to re-wire your brain for successful trading. Want to improve your edge right now? Visit my Price Action Course page.

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