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mywc
Feb 25, 2016 7:34 AM

NZD/USD, taking a short trade here. Chance for mega short!  Short

New Zealand Dollar/U.S. DollarFXCM

Description

Here on the 4h chart we have:

1) a nice heads and shoulders set up with neckline below the trendline.
2) a good 61.8% retracement

Took a short on this pair at 0.6660, still awaiting for prices to close below trendline for further shorts. TP at neckline.

Lets hope this one plays out fine. Goodluck to everyone (:
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