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SeanC95

NZDUSD SHORT?

Short
New Zealand Dollar / U.S. Dollar (FX_IDC:NZDUSD)  
SeanC95  
FX_IDC:NZDUSD   New Zealand Dollar / U.S. Dollar
NZD USD short NZDUSD nzdusdshort retracement fib profit IDEA comment thoughts
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nzd usd short nzdusd nzdusdshort retracement fib profit idea comment thoughts
PROS
- Rejection of 0.618 retracement level
- Stoch RSI oversold on monthly, weekly, daily.
- Rejection of horizontal resistance
- Rejection of upward sloping trendline
- Reversal candle pattern

CONS
- Trading against the trend
- Trading toward key EMA's

TARGET
0.68562 - 0.618 retracement from previous swing low to latest high.
This retracement ties in with daily 50EMA
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