NZDUSD short, review

26 oct 2018

I kind a like this pair more and more. It has reasonable volatility, not a crazy one, with 100-200 pips daily moves. With this setup, the obvious trend is down. The previous swing high (a re-test) reached MPP and 61.8 Fib-level, which indicated possible continuation down. A bit too cautious entry at 0.65006 with TP at 0.64384 and SL 0.65487 gives RR 1.29 (+62.2/-48.1 pips). Currently trade is about +35 pips and I expect it to reach TP next week.