TradersClassroom
Short

Bearish Engulfing At Trendline Resistance

FX:NZDUSD   New Zealand Dollar / U.S. Dollar
79 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
http://www.fxtradersclassroom.com
totally agree with this.
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