NZDUSD multiple confluence

New Zealand Dollar/U.S. DollarFXCM

Description

⋅ Apr 19, 2015 1:59 PM

Confluence of 2 FIB retracement levels around the same price at 0.7800-10. There is the larger retracement (in pink) at 38.2%. And the smaller retracement (in blue) at 88.6%. Look to short at the intersection of both FIB levels.

Short NZDUSD 0.7800-10
SL above 0.7850
TP 0.7600

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