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Bearish Engulfing At Trendline Resistance

Short
New Zealand Dollar / U.S. Dollar (FX:NZDUSD)  
TradersClassroom  
FX:NZDUSD   New Zealand Dollar / U.S. Dollar
3
1
Tested a trenline from July of 2014 and was rejected with force on Friday. There was a bearish engulfing pattern put in with Fridays candlestick. I will be going short with my first target at the most recent low and second target at the 1.27 fib extension.

Good Luck

Zach
www.fxtradersclassroom.com
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