NZD / USD Monday 15th October 2012 11:16hrs

NZD / USD:

Price has recently been making lower highs and lower lows.
On the 4hr chart there is a double top formation.
Price has also dipped below the Daily 20 ema.

Chart below:

 

 

 

After the most recent move down, the averages are in order for a short trade.

I am looking for a pull back to the averages to enter a short position as detailed below.

Levels and chart below:

1st Entry: 0.8165
2nd Entry: 0.8170

Average entry: 0.81675

Stop loss: 0.8195

Target: 0.8030

I will update again if and when the orders are triggered.

Regards