thesmallerone
Long

NZDUSD ENTRY TO BUY 4.20.16

FX:NZDUSD   New Zealand Dollar/U.S. Dollar
14 0 1
Hello again. On this trade, the kiwi is trading in between to trendlines which have been holding their validity for the past month or so. Recently, the pair came to a high along the resistant trendline and has been falling for the past 2 candles. I want to put in an entry order at .691. When looking at the retracement, you can see that this pair has been respecting fibonacci's quite well. Looking into the past also shows us that we are at key levels.

Enter- 0.692
Stop loss- 0.6875
T1- 0.696
T2- 0.705
T3- 0704
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