NZDUSD: 2618 Trade setup (4 hr) !!

FX:NZDUSD   New Zealand Dollar / U.S. Dollar
65 0
Hello Traders, we currently got a 2618 trade setup that is about to complete. We got our double top with break of structure. Of course, this is useless if we don't take into account the 61.8% retracement . The market is reaching the 61.8 level. We will be looking to short from there. Unfortunately target 1 does NOT have 1:1 risk-reward ratio. See the chart for more details.

Note: We got FOMC statement coming up later in the afternoon. Better to stay outside the market if entry not triggered before the news.

Trade Safe and Good Luck!!
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