J_Graystone
Short

Structure based NZDUSD Trade (short)

FX:NZDUSD   New Zealand Dollar / U.S. Dollar
207 1 5
Ben keeping an eye on this pair following the Lower Low, Lower Close looking for reasons to get short.
We have now come up to test previous support which may now act as resistance and looking at the "pin bar" candle, this is a good sign of bull pressure being rejected by the bears.
Aggressive traders could enter now at market and look to take target one at previous structure lows and extended targets for target 2.
If you are more conservative, maybe you are waiting for a Double top or overbought RSI etc.

Either way, this is a great R:R opportunity which is the type of trading that we like.
Where are your stops going on this?
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