Wednesday, February 18, 2015

Opened - Short EURNZD

I opened this short on the EURNZD on Monday, when price broke through short-term support. I'm pretty confident with this trade. I tightened my stop loss, and set it above the short-term support level to improve my R:R ratio (reward for this trade is 1.5R). Fundamentals seem to be good. Good NZD retail figures came out on Monday, and the Greek crisis should continue to depress the euro. 

(click to enlarge)

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