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Fed02

AUDNZD short position, swinging the retracement!

Short
Australian Dollar / New Zealand Dollar (OANDA:AUDNZD)  
Fed02  
OANDA:AUDNZD   Australian Dollar / New Zealand Dollar
Support and Resistance Fibonacci Pivot Points AUDNZD aud NZD Forex forexanalysis short swingtrading swingtrade
2
0
supportandresistance fibonacci pivotpoints audnzd aud nzd forex forexanalysis short swingtrading swingtrade
Confluences:
-AUDNZD has not retraced on the daily and reached the previous high
-Before breaking this level I am expecting a retracement to either the 31.8 or the 50 fib level
-This is a trade again the trend so I'm risking less and if it retraces to the 50, I will enter a buy for this pair

Good luck and feel free to share with me what you think
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