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justinholtgrave
Oct 14, 2017 8:27 PM

EURNZD - Bearish Engulfing Short

Euro Fx/New Zealand DollarFXCM

Description

EURNZD has formed a bearish engulfing pattern on the daily time frame on 10/12/2017.
A very strong Bollinger Band out-break, a significant bearish engulfing, and RSI divergence confirms this short setup.
SL set above previous highs.
TP set at previous support.
I have entered at the open of the market on 10/13.
I have now moved my SL to break-even.
Confirmation candle closed on Friday 10/13.

Trade closed manually

Trade closed manually for a small profit.
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