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UnknownUnicorn229861
Dec 1, 2015 11:20 AM

NZDUSD Value area awaiting Short

New Zealand Dollar/U.S. DollarFXCM

Description

A Simliar scenario as on GBPAUD weekly I posted before, I am waiting on a value area (an area of high confluence back both by fundamental and technical data) with precaution to trade this pair back to the downside. We could see a double top for at the 38.2 retracement area. However, I'm just standing to onside in the meantime before securing a good trade.
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