Short NZD/USD at .6940

Discussion in 'Forex' started by mattspits, Jan 11, 2007.

  1. mattspits


    I'm looking to short NZD/USD at .6940 with my stop at .6970 and my limit at .6840.

    This pair is in a similar situation as the Aud/USD. I'm shorting at the 38 fib line with my stop at the 50 fib line. My limit is at the low from the 8th of .6840. This allows me a risk reward of 1:3 with minimal risk in pips.

    Chart attached.