JaredJJohnson

big head and shoulders hopefully to resume- 150 pips to start

Short
FX:NZDUSD   New Zealand Dollar / U.S. Dollar
NZD has been reluctant to move lower but it might finally be ready if we get confirmation here

The details:

short below ascending trend line

stops above recent highs

target lows of 0.6970 area and ultimately 6740 area
Comment:
Remember the trend line was the entry area, it broke above highs before it broke below the trend line, I didn't take an entry but I'm still interested in shorting at a trend line break lower.

Jared Johnson
Union Hedge Funds
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