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sgarciafx
May 24, 2017 1:50 PM

NZDCAD short Short

New Zealand Dollar/Canadian DollarFXCM

Description

This pair has hit a previous supply zone. I expect a drop before it resumes upward to finish a retracement wave on a larger timeframe. Long-term I see this pair selling off, but I will take profit at the first level of support. If you draw the fib for the most recent AB boundary in the uptrend, I have the TP level drawn @ the 38.2 fib retracement.

Good luck!

Comment

Tp hit :)
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