Trading idea: NZDUSD Short 27-April-2009

This is another trading idea comes out from my weekend chart scan.  NZDUSD is another short pattern, that is targeting 0.560-ish, 0.5570-ish, and 0.5520-ish as 3 targets.  These offer 1:2, 1:3, 1:4 R/R.  We have official cash rate and RBNZ rate statement released this coming Thursday, so watch out.

I can be very wrong again, as always. However, it all depends on your trade and risk management skill. I am not going into that again. I wrote a related post Accuracy vs Risk reward ratio.

Here is the.... CHART! Let's see how it works out.