A.FX
Short

Short EURNZD

FX:EURNZD   Euro / New Zealand Dollar
EURNZD broke the moving average, suggesting a potential trend change. This in tandem with September's monthly bear candle gives me enough reason to believe a down trend is about to begin.

My orders are placed at fibonacci retracement levels 1.0, 78.6, 61.8, 50.0, 38.2, 23.6. and 0.0.

Each order contains a 30 pip stop loss and no take profit target.

These trades are designed to have 3 different exit strategies: 1) Stop out. 2) Manual closure. 3) End of month manual closure.
* End of month manual closure means that the month is over and trade parameters are no longer valid, therefore I will close the trades manually
Comment: Monthly candle analysis.

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