AlbusFrigoris
Short

Short NZDUSD on small breakout down - 1:3 Risk Reward

FX:NZDUSD   Neuseeländischer Dollar / US-Dollar
NZDUSD             currently near the highs of the most recent swings. As marked on the shart rice broke out above a narrow range in last weeks trading, but failed and returned down - this is a strong indication of a coming reversal.

At this point we have broken down a bit from the trading range and most importantly formed a spike up - which puts the odds strongly in favor of a further break downwards.

With this setup a R:R of 1:3 is enabled. Target could be set less agressive, this is just one suggestion.
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