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AdamWiIson
Aug 4, 2016 7:01 PM

NZDCAD - Long entry approaching? Long

New Zealand Dollar/Canadian DollarFXCM

Description

0.5 fib may be on the verge of breaking, if it does then I will be longing at the 0.618 fib level which coincides nicely with a bearish breaker. Stop at the 0.79 level which coincides with a previous bearish breaker that has been heavily rejected twice as both support and resistance (arrows highlight this). Buy limits are in and this trade is roughly 2R!
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