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timmytg
Apr 16, 2018 9:00 AM

H&S NZD/USD Short

New Zealand Dollar/U.S. DollarFXCM

Description

still possible as per my idea last week.

good entry to short 7312

trade irrelevant if uptrend continues past previous high of .73954

Trade active

Trade active

Head completed. Will see if it bounces back, for any one who wants hedge and go long might be the time to do so until right shoulder is formed

Trade closed: target reached

Target reached without right shoulder
Comments
pipking88
why is trading so hard? :( I got in at a good support area i thought around .7317 and it has just been ranging around .7400-.7330. Ugh! I believe it is going down, but hate being stuck in trades for days. Good sign I have not been stopped out yet. Usually when I am wrong I get stopped out pretty fast so I believe down is where we are heading! ;) Target is .7220
timmytg
@pipking88, nature of the game i suppose. i would keep a close eye on it, once you break even again at 7317 if it where me i would move stop loss to 7345 as i wouldn't be surprised if it bounces at .7302 - 7320. at the moment i wouldn't keep stop loss any higher than .7400. but long term hopefully see nice drive dow
Mordengaard
I agree, good luck!
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