FX:NZDUSD New Zealand Dollar/U.S. Dollar
We are in a clear down trend and have a nice pull back to a previously established now acting as a . We are also in between levels of 50% and 61.8% We also have reversal forming, clear pin bars. Also at the 50 . All these factors have contributed to us shorting this pair. The stop loss is slightly wider than usual as we feel the pair might hover around this area for sometime. Also this is a bit of medium-long term trade and it might take some time before we see profits. Maybe even a month.