NZDUSD - Brief retrace before going short

2 Ağu 2017

PA has broken the rising wedge and is obviously in DT. I expect PA to stall momentarily here and retrace abit before going in its intended direction.

PA is at support and 1.618 Fib level. Expect to go back to 100 / 38.2 assuming current low is swing low. Stop below support.

PS: trying to incorporate more fib analysis. hopefully it works.

3 Ağu 2017

Not

stopped out. but price eventually did hit TP and went back short.