NZDUSD bearish idea based on some fibs Short

New Zealand Dollar/U.S. DollarFXCM

Description

⋅ Jan 2, 2017 7:02 PM

Hi traders,

On the NZDUSD we can see a cluster of Fibonacci ratio's around the 0.70500 area, indicating that price could reverse from here.
Entry: 0.70537
Stop: 0.71389
Target: 0.68655 = R:RR 2.21

Good luck guys! Updates will follow.