Eur nzd recently reversed on the major key level of 1.65550 and it's probably set for another rally up to the upper trendline. We set stops just below this level, because if it breaks it, this could sink rapidly much lower. Targer is visualised on the chart and is as said the upper trendline. It is also nice risk:reward ratio if this plays out in our favour.
We shorted this pair last week, and it gave us some nice profits.
Now it pulled back in our sell zone to retest is, which gives us another nice sell opportunity.
Our first target is 113.20 , and the second and final one at 112.550 .
Before you take trade be sure you are in risk management (RM)!
For all extra information, don’t hesitate, Ask me in the comment...
