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AshleyB95

NZDUSD - Break and Retest?

New Zealand Dollar / U.S. Dollar (FX:NZDUSD)  
AshleyB95 Updated   
FX:NZDUSD   New Zealand Dollar / U.S. Dollar
Trend Analysis Chart Patterns Gann NZDUSD NZD USD USD (US Dollar) dollar Technical Analysis Fibonacci Retracement
2
0
trendanalysis chartpattern gann nzdusd nzd usd usd-us-dollar dollar technicalanalysis fibonacciretracement
NZDUSD broke the descending trendline and is heading back down for a retest. This matches us with the 61.8 fib level so we could see some bullish movement from this pair around that level. Inverted H&S pattern shown here aswell. If criteria is met then longs could be taken around the 61.8 level.
Comment:
Trailing Stop = Stopped out in profit!

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