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fximperija
Jan 19, 2014 4:43 PM

Bearish bat for short Short

British Pound/New Zealand DollarFXCM

Description

Although the PA stopped @78.6 and dipped to 161.8 ext of previous high there's a good chance to reach the 88.6 and touch a minor TL before going down. The entry is just 40 pips away of the major price of 2.0, last impulse leg high was @ 2.0025 so the SL should be above, somewhere around 2.005.
Good RR, SL of 90 pips, T1 @9766 (194 pips) and T2 @967 (288 pips).
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