i have taken a short entry in this due to dxy strength and breakout of structure , aslo with 3 other confirmation , as i prefer 1:2 risk to reward is best . but i am trailing stop loos trader so i can manage it upto 1: 6
in nzd / usd , its a very good chart pattern formed , head and shoulder or u can say triple top , i have already made 1:2 and now going for 1:4 , i trail stop losses.
as i taken the short trade on eur / usd , with a good risk to reward ratio , see this technical analysis . i hope this will help u out as i made this very clear , pure price action with help of ma and fibo .
