Paper trade: NZD/USD entry stop 0.7040

I've placed an entry stop for NZD/USD at 0.7040. It is at the 23% Fibonacci level and a support of the current uptrend, see Figure 1. This would correspond with my view of strengthening US Dollar and USD/CHF pushing to 1.045. Entry stop: 0.7040 Trailing Stop: 0.6985 Target: 0.7170 Reward / Risk = 130 / 55 = 2.4 \< 3 ... The R/R is kinda low. So I've changed it to a 1/3 position instead of 2/3. Now, let's just wait and see if USD can continue going up.

[caption id="" align="aligncenter" width="580" caption="NZD/USD"][NZD/USD]NZD/USD[/caption]