First signal stopped out at breakeven.
Now we see a nice bearish pinbar forming at Weekly S/R-level which gives us a second opportunity to go short after the strong – 6 weeks (!) – up movement.
Taking a 50% retracement entry or break of pinbar low would make sense. Take profit at next major weekly S/R.
Now we see a nice bearish pinbar forming at Weekly S/R-level which gives us a second opportunity to go short after the strong – 6 weeks (!) – up movement.
Taking a 50% retracement entry or break of pinbar low would make sense. Take profit at next major weekly S/R.
Comment:
Take note for NZDUSD: Always place SL some 8-10 pips higher/lower than candle top/low. This one seems to work out right now.