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MGYtrader
Jan 13, 2019 10:32 PM

Confluence area Short

New Zealand Dollar/Swiss FrancFXCM

Description

Confluence area:
1.Weekly 50% fib
2.Daily 50% fib (different move)
3.Top hourly TL (black)

Entry:
1.Confirmation of Double Top
2.Break potential local channel (pink)

Comment

Nice initial move, looks good for continuation.
Looks like Bear flag. (30m)

Comment

Stop loss move to the Red line:

Trade closed: stop reached

Close in very small loss
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