FX:NZDUSD New Zealand Dollar/U.S. Dollar
Honestly, I should have adjusted the trade after it made a retracement down to .8300 because the chart was telling me that I missed the trade. But, I did not adjust the trade and so I took a 35 pip loss. Considering a short on bear shark, I would advice you to be cautious. Take note of the resistance trendline that I drew on the chart. Price is strongly breaking through that resistance, and I would be anticipating some continued bullish momentum for NZDUSD. If the price retraces, it is likely to have a shallow retracement. So if you are taking the bear short. be aggressive with your stop loss management.