bananarepublic

NZDUSD Short, because reaching price channel

Short
bananarepublic Updated   
FX:NZDUSD   New Zealand Dollar / U.S. Dollar
NZD reach the top of price channel and maybe it's a good entry to go short. SL at 73.258 and 1. Target at 70.863. If reached, half your position. 2nd target at 70.000. Risk / Reward Ratio at 8.83 (2nd target) and 6,24 (1 target).
This is only my idea for a trading setup, please check and decide with your own strategy! Thanks, and good luck!
Comment:
Target 1 reached, half position
Target 2 reched, close position
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