NZDUSD: Short entry at the fib fest

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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:
  • 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.
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fibNZDUSDshort

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