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NZDUSD 60 Minute Chart Analysis March 8th, 2017

Wednesday, March 8, 2017 2:25
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Screen Shot 2017-03-08 at 07.51.37

Hello traders and good to be back with you today as we take a look at the NZDUSD. We can see on this chart that my bias is bearish and I am only looking for sell trades. I have placed the Fibonacci tool on the chart. I am waiting for a pull back to the 38.2 level at the price of 0.7032, at this point I will look for a bearish pattern to sell this and place me entry. I am looking to place my stop at the price of 0.7080, If this goes against me I will get out before we get 50 pips negative. I would like to take profit at the take profit zone at the start at the price of 0.6972.

Thank you traders and we will talk soon….William



Source: http://fxinstructor.com/blog/nzdusd-60-minute-chart-analysis-march-8th-2017

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