emiltw
Long

Long Kiwi Dollar Upside

FX:NZDUSD   New Zealand Dollar / U.S. Dollar
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In 2 hour time frame analysis the price has been rejected by key support level and successfull engulfed with a full up bar,
and the key support level is the 38.2% of fib retracement A-B.

Upside Target 0.70500 and 0.71900

Stopped out level 0.6940
Trade closed: stop reached

Comments



If price successfully hit 2nd target, will face a key resistance area and formed an AB=CD pattern. Thus we will make a Short Entry to 38.2% and 61.8% of A-D retracement
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