• nu1-1024x410NZD/USD (H4): Important support retracement
  • Forecast: Rebounding after pin bar sell signal and moving to 0.7420 support
  • Alternative Scenario: Breaking above local resistance and rallying back to trend line
  • Comments: Pin bar candle showed below 0.7485 resistance
  • Payout: PUT @ 0.7485 à 78% return expiring at 23:00GMT

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Damian Chmiel
http://financemagnates.com
Member and editor of Finance Magnates - the biggest FX, and binary options B2B website. A graduate of the University of Economics in Krakow, active publicist since 2012. Technical analysis is always more important to him than the fundamentals – however, he does not reject the importance of macro data. As he assumes that, the simpler the better, he is a strong fan of Price Action trading strategy and Fibonacci retracements.

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