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Hey, what about going long the pair around 1.6450 which appears to be a support line? matt

I'm looking to short NZD/USD at .6940 with my stop at .6970 and my limit at .6840. This pair is in a similar situation as the Aud/USD. I'm shorting at the 38 fib line with my stop at the 50 fib line. My limit is at the low from the 8th of .6840. This allows me a risk reward of 1:3 with...

chart attached

I'm looking to go short AUD/USD at .7845 with a stop at .7870 and my limit at .7760. .7845 is the 38 fib of the recent slide down, and .7870 is the 50 fib. I like this because I have limited risk here as the stop is above the recent highs and the market is trending down. I'm shooting for...