daldertg
Short

Price Action shows Bearish signs on NZDUSD!

FX:NZDUSD   New Zealand Dollar/U.S. Dollar
After a powerful bullish trend the FX:NZDUSD             shows a nice indecision candle on top of a resistance area .

From the price action             point of view this usually means that the bullish power might be transitioning to the bearish side. What do i do?

I executed a pending order below the low of the indecision candle to go short. As always i keep my Risk/Reward a 1:2 minimum.

Trading Details:


Time Frame: 6hr
Entry: Below the low of the indecision candle
Stop loss: A few pips above the high of the Indecision Candle
Risk/Reward: 1:2
Account Risk: 2%
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