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JoshL
Nov 24, 2014 10:28 PM

NZD - Short at Res (updated) Short

New Zealand Dollar/U.S. DollarFXCM

Description

This is an update on the previous NZD chart I posted.

I have decided to wait for price to retrace to the Res area above and look for a sell signal there instead. This seems more logical with a better R:R as well.

Again 2 entries - Part 1 aims for 1:1 with Part 2 taken to BE, then Part 2 will run to Sup below and maybe beyond depending on price action...
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