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Sascha_Gogolin
Aug 30, 2016 6:23 AM

NZD/USD - Unclean price action Short

New Zealand Dollar/U.S. DollarFXCM

Description

Another pair with a bit of chaotic price action. Nonetheless I think there is a good potential sell opportunity hidden in here. If the small resistance area around 0.72600 holds first target should be around 0.7210, followed by 0.7160 and thereafter 0.711-0.7085, if each level fails to provide support and folds that is.

Trade closed: target reached

First target reached.

Trade closed manually

Second and third position closed out at break even.
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