Trading idea for NZD/USD

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Good afternoon traders! Here is a trading idea for the NZD/USD pair.

Today, the plan is to push the quotes within the values 0.65800 and 0.63800:

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This is because a short-term initiative has formed in the hourly chart (H1) yesterday, from which a decent pullback above 50% has occurred today.

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So, trade short positions and take profit when the quotes breakout of the level 0.03800.

The profitability for such a transaction is 5 to 1.

Always remember to control the risks. Good luck!

The material has been provided by InstaForex Company – www.instaforex.com

Source:: Trading idea for NZD/USD

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