Trade77; Kiwi Watch for Short Setup 7pm


Hello Traders, I’m Mani and I’m the writer of Trade 77 section, please follow me on twitter for further updates.

NZDUSD did retrace from 0.7400 level and now it’s bouncing around 61.8 fibo level from 0.7830 to 0.7400.
We have got Bernanke’s speaks in 30 minutes and I’m not going to get any positions after that, so watch carefully at 0.7700 level as it is the upper bond daily trendline.
I’m going to write a fast update on this trade as I’m chasing it for a short setup.

Make sure that you are following me on twitter so you can be informed of any trade calls for this pair and if you found this post useful let your followers to read it too, so please retweet this article with the button above of the article.

Regards

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  • Anonymous

    Thank you Darryl, I went short at 0.7650 and I tweeted it. My reason was the daily trendline here: http://twitpic.com/3dbq99

  • Darryl

    Nice call Mani. Oct 2009 weekly high was 7634. Great area for either s or r. As of now, approx 01:00 gmt, we have 4 hourly bars resting on top of 7640. My chart also shows a daily R2 just below current price.
    I’d have to agree that price is at a pivotal location. imho I feel So Strongly about it, I’ll give a 50.01% shot at a long… 8^D