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codekid
Dec 22, 2015 3:27 AM
NZD hits long time resistance level
Short
FX:NZDUSD
240
New Zealand Dollar/U.S. Dollar
FXCM
Description
⋅
Dec 22, 2015 3:27 AM
Looking for this resistance level to hold and push further downward close to the previous support
NZDUSD
nzdusdshort
Comments
codekid
⋅
Dec 22, 2015 10:25 PM
Main lesson here is that the stop was too tight
raegenius
⋅
Dec 22, 2015 4:21 AM
That point is also trend line resistance from July, and also the 23.6% retracement area from the downtrend starting in July, so good area to look out for price reactions.
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