traderh
Short

NZDUSD bearishness

FX:NZDUSD   New Zealand Dollar / U.S. Dollar
NZDUSD             has been strong since the start of the year but it doesn't mean we don't get to take short trades especially when price reaches key fibonacci retracement levels.

If I try to plot a bearish butterfly , I can enter a short at 0.742 with a second chance to short at 0.752 which is the 50% retracement in the weekly.

This trade idea are for traders who set stop losses.

Personally, since I don't set stop losses, I'll be shorting NZDUSD             even up to 0.792. But that's just me.
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