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DAVID_GIRALDO
Aug 14, 2016 11:57 PM

nzdchf: wait for a promising setup Short

New Zealand Dollar/Swiss FrancFXCM

Description

nzdchf is doing a series of ab=cd measured moves. if we can get a good risk to reward setup when price breaks out then we can get a good setup. if there is no small bull break then we let this one go

Trade active

was able to get a great setup down to our target. price action gave me a reliable sl and a good reason to sell.
- sold the candlestick rejection
- sold the breakout.

Comment

btw do not enter now. i sold sometime yesterday or last night after the candlestick rejection. entries anre no longer ideal and not worth risking

Comment

exiting position at open. market is indicating correctional structure

Trade closed manually

exited my position in profit. will wait for re entry or to see what structure does
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