SmartTradingFX
Short

My current Short on NZD/USD

FX:NZDUSD   New Zealand Dollar/U.S. Dollar
212 2 6
This is my current short position on NZD

Reason i took this trade were...

CTS            
1. Structure level taken from Daily time frame (Highlighted in yellow)
2. Pressing up into Trend Line resistance
3. Fib extension 1.27
4. Fib inversion 1.27
5. Fib Retracement 0.618
6. Fib Retracement 0.786
7. Pressing into over bought conditions
8. Divergence on RSI

My TP Target is a 0.382 Fib Retracement but have highlighted a potential secondary target if you were after a better risk reward profile as this trade is currently over a 1:1

SL Target is two ATR Readings which takes us above Trend Line resistance

Lets see how this one plays out!
Although i am also shorting this pair, but expecting one more push up based on daily chart analysis.
good luck.
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A push up into Trend Line resistance?
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