FX.co ★ Trading idea for the NZD/USD currency pair

Good afternoon traders! A trading idea for the NZD / USD pair.

Yesterday, a false breakout from last month's high occurred, which closed the quotes below the level of 0.65800. Trade short positions to lower the pair even more in the trading chart.

The goal is to update the monthly high for June, which is the level of 0.63800. It will only be possible if stop loss is set in the medium-term, which is a kind of trap for the bulls.

This idea is based on the "Price Action" and "Stop Hunting" strategies, and it's profitability is 4 to 1.

Good luck and remember to control the risks!