NZD/USD Nearing 61.8% Correction Back Into Previous Structure Short

New Zealand Dollar/U.S. DollarFXCM

Description

⋅ Jun 12, 2016 3:19 PM

Trend Continuation.

Price action is nearing prior resistance in confluence with the 61.8% Fibonacci, the yellow box highlights the entry zone where by short positions can be taken to ride price back down to prior lows and a return to structure. Trade with care.

Comments

ChatchaiVong

⋅ Jun 14, 2016 2:15 PM

now can open sell or not , thank so much and TP?, SL?

ChatchaiVong

⋅ Jun 13, 2016 8:15 AM

thank so much.