NZDUSD bullish entry based on fibs Long

New Zealand Dollar/U.S. DollarFXCM

Beschreibung

⋅ 10. Dez. 2016 11:41

Hi traders,

On the NZDUSD we can see confluence between the 50% Fibonacci retracement and the 161.8% Fibonacci extension. I placed the stop below the 61.8% Fibonacci retracement.
Entry: 0.71001
Stop: 0.70601
Target: 0.71662 = R:RR 1.65

Best of luck! Updates will follow.

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