FOMC Meeting NZD/USD Sell Trade With 20 Pip Stop Loss And 120 Pip Take Profit Target

15 December 2016, 12:53
Ahmad Hassam

This time FOMC Meeting finally decided to raise interest rates.

Strong rumors were already circulating in the financial media that FED has decided to raise interest rates.

When a central bank raised interest rates, it makes the currency of that country appreciate.

This is precisely what happened. USD appreciated and pairs like EUR/USD, GBP/USD, NZD/USD, AUD/USD fell down hard.

Read this new blog post in which I analyze recent NZD/USD Sell Trade that made 120 pips with a 20 pip stop loss on FOMC Meeting Minute Release.

NZD/USD is falling down more but I had fixed 120 pips as my profit target.

It is always a good idea to avoid whipsaw in the market something that happens often when FOMC Meeting minutes are released.

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