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A stop-loss order is basically a risk management tool used in forex trading (and other types of trading) to limit the potential loss of a position By setting a stop loss, traders determine the price as a market is going against those the position...
Today we receive more news on the economic calendar for the US dollar, but it is unlikely that activity on the NZD/USD chart will increase. I look at the four hours, and this is a confident movement towards the upper savings line of 0.6380-0.6390....
Today, there is an excess of buyers in the NZD/USD order book. I believe this currency pair has downside potential, supported by the accumulation of buyers at the 0.6170 level. I am considering opening a short position at 0.6170, with the first...