NZD/USD Short by monstapips

NZD/USD: 4 hour


Short

Entry: .8430

Stop loss: .8465

Profit Target: .8320

Trade rationale: Mostly a technical setup, as I think this pair will continue to consolidate until we get another major market mover to bust it to new highs. RSI is also almost overbought so I think we could see a reversal soon. I’m still waiting for some confirmation via reversal candlesticks before entering this trade.