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NFFX
Mar 8, 2015 9:51 AM

NZD/USD (Kiwi) - Short Short

New Zealand Dollar/U.S. DollarFXCM

Description

So i know most traders have posted their analysis on this pair throughout the last week or two so i thought id throw up my own.

I got in just under the 0.75 even handle after the break and retest of the double top neckline, I could of got a better entry if i entered on the break and retest of the CTL which also created the Double Top but to be honest i missed it!

First Target has nearly hit but ill be taking this down to target 2 which is D1 at the 0.70000 even handle

Obviously some great confluences on this pair ill just list them below
  • Weekly Engulfing/ Bearish Marabozou
    Daily Marabozou
    CTL Break ( and retest )
    Double Top
    61.8 Fib Level
    MA's still converged (plus just crossing on the Daily)
    New Lower Low (indicating end of previous Counter trend)
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