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KingCobraFX
Jan 26, 2016 5:06 AM

NZDUSD Retest Long

NEW ZEALAND DOLLAR / U.S. DOLLARICE

Description

1/25/2016 Sunday
Currency: NZDUSD
Entry:Buy STOP @ 0.6495- 3:1
SL: 0.6435
TP: 0.6675

Analysis:
-Pair has hit support at 0.6450
-Weekly formed low test reversal pattern
-4hr countertrend breakout
-4h breakout retest
-4hr double bottom
-4h MACD divergence

Pair broke out of 4hr trendline and
retest, and we are looking for it to retrace
to 50 or .618




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