TradersClassroom
Short

Bearish Engulfing At Trendline Resistance

FX:NZDUSD   New Zealand Dollar/U.S. Dollar
77 1 3
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
Piet.Hein
10 months ago
totally agree with this.
Reply
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