Short $NZDUSD for a test of the bottom of Range (Trading Range)

Hello Sophisticated Traders,

With many people short the NZDUSD is causing current long squeeze along with thin market condition, however, it has not yet negated the overall structure of a down trend. Only a daily close here and above these levels would negate the coming fall. I would wait for the market to exhaust itself before entering, but this setup provide a good risk and reward. Remember that the market will also need some time to digest this move, so patience will be key. Place stops above recent high.

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Dr. Lydia Smith