NZDUSD resistance and 0.618 short Short

New Zealand Dollar/U.S. DollarFXCM

Description

⋅ Jan 31, 2018 4:35 AM

We can notice that NZDUSD touched the resistance area for a week, but still cant break up.

Now, NZDUSD is pulling back.
We wait for the 4 hour chart, if it cant break 0.618, we can short.

SL: 0.7420
TP: 0.7320/0.7280/0.72

Comment

⋅ Jan 31, 2018 6:28 AM

Break the 0.618 in 4 hour chart,
so don't entry
wait for the confirmation

Trend Analysis