NZDUSD Short Opportunity?

Rambo35

Confirmed PaxForex Representative
Apr 22, 2013
909
24
32
Canada
I think it is time to look for short entries in the NZDUSD. Bearish trades have risen quite a bit and I know it is dangerous to trade against the trend, but despite this fact I have taken my first short at 0.8675. I think we may see a retracement down to 0.8530 based on some profit taking.

I advise everyone to do their own research (which is why I did not upload my chart here), but to me it looks like there is a great short opportunity here.