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