NZDUSD: Short entry at the fib fest
Updated
Hi traders,
On the NZDUSD we can (hopefully) see some fib confluence around the 0.70600 - 0.71000 area, from which I will enter short. We have:
Entry: 0.70663
Stop: 0.71268
Target: 0.68686 = R:RR 3.27
Good luck guys! Updates will follow.
On the NZDUSD we can (hopefully) see some fib confluence around the 0.70600 - 0.71000 area, from which I will enter short. We have:
- Trendline
- 161.8% FIbonacci extension of the last December 2016 move.
- 38.2% Fibonacci retracement of the November - December 2016 move
- 38.2% Fibonacci retracment of the September - December 2016 move
- 50% Fibonacci retracement of the May - September 2016 move
- 38.2% Fibonacci retracement of the January - September move
Entry: 0.70663
Stop: 0.71268
Target: 0.68686 = R:RR 3.27
Good luck guys! Updates will follow.
Note
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.