akyong
Long

NZDUSD: Similar Setup with AUDUSD

FX:NZDUSD   New Zealand Dollar / U.S. Dollar
104 4 3
Very similar setup with the AUDUSD             trade idea. Personally, I am more in favour of this trade as the fundamentals of the Kiwi is stronger than the Aussie.
And that level is a 50% retracement :-)
+1 Reply
akyong PRO jeanienyc
yup on a higher timeframe :)
Reply
i was pulling the fib from low of 8/30/16 to recent high on hourly
+1 Reply
akyong PRO jeanienyc
yup. that's also a significant low on the H4 timeframe :)
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