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bmgforex
Oct 15, 2017 7:34 PM

NZDUSD Short

New Zealand Dollar/U.S. DollarFXCM

Description

A high probability of success for this SHORT setup in NZDUSD pair. The 61.8% retrace and the bearish engulfing on H4 time frame suggest another move down for this pair.

Trade closed: target reached

Comment

Long term trend line broken, wait for a consolidation,re-test of the trend line or a bearish flag and at a break of that formation enter short.

Trade active

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