YongLiang
Short

NZD/USD, DAY CHART, SHORT (20-NOV-2016)

OANDA:NZDUSD   NZD/USD
12 days ago
A potential Head & Shoulders Pattern appeared.
If the price breaks the support zone near 0.70xx, look for any pullback to short this pair.

It will be a high risk to reward ratio pair of 1:3!

Remember to trade with proper risk management.
9 days ago
Comment: Monitoring closely now as the price is trying to breaks the support zone to complete a head and shoulders trade!
9 days ago
Trade active: Short this pair with little amount. When pull back happen will be attractive to short again.

EP: 0.70014
SL: 0.71457
TP: 0.67260
2 days ago
Trade closed: stop reached: Too bad the SL was hit.
We should close it early as discretionary exit...

Trade Safely :)
happyluckydog
12 days ago
hi yong, thanks for your sharing.

Just wonder how to expect to drop to 0.66. Not 0.65?

thanks anyway.
Reply
YongLiang happyluckydog
11 days ago
@happyluckydog, Hi, there is a support level at 0.66 which can be used as TP.
Besides, if based on price projection from the "Head & Shoulders" Level, it might go down to 0.65.
Anyway, we are still waiting the price to break the current support zone and a right signal to entry :)
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out