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UnknownUnicorn11149
Oct 17, 2012 1:48 AM

Kiwi Upside Breakout Long

New Zealand Dollar/U.S. DollarFXCM

Description

RSI divergence and T/K cross give initial bull signal. Candle closes above kumo (coinciding with fibo retracement from last major high) serve to confirm long signal. Small long entry will be taken with wide stops will be entered with stops tightening and additional lots entered as new trend develops. Candle close below kumo/fibo/trendline confluence invalidates trade.
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