matt_forex
Short

Hourly Pin bar. Intraday short

FX:AUDNZD   Australian Dollar / New Zealand Dollar
587 4 1
A nice pin bar developed after the recent move up.

With a break of both 1.26421hourly support zone and the 20ma enter short, with a stop above daily resistance zone at 1.26641.

First target at the .385 fib retracement taken from the most recent move up, once this target is reached move stop to B/E,

Also, I do not usually use RSI , but I did notice some divergence.
Well, it looks like my entry was off a little bit and was stopped out. But it does look like a correction is taking place.
Reply
Hey, artaj68 some correction should take place, but with the momentum of the move up I would use a defensive stop and get out on any sign of resuming the move up
Reply
Some correction should take place.
Reply
thanks for posting. good idea.
Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out