FX:NZDUSD New Zealand Dollar/U.S. Dollar
UPDATE 1: Stopped out
This is an example of a perfect setup for me. Its really simple but it works.
We have a clear structure ( lower highs - lower lows ) and when the price retest the previous structure level (resistance) we have a huge rejection. My experience says that price will arrive previous low with about 65% winning rate.
Now I am waiting for the creation of new lower low.
Risk Limit - 2% balance
Risk/Reward - 2
Lest see what happens. Best of luck!