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Realisto_FX
Jan 13, 2016 9:26 AM

NZDUSD : Harmonic pattern Short

New Zealand Dollar/U.S. DollarFXCM

Description

Good morning traders,

There´s an harmonic pattern in NZDUSD suggesting a bearish continuation at least till 0.645 , which is 100 points from current levels . SL 0.665 , risk/ reward 1:1

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6 Trading Rules :

1. Never add to a losing position .
2. Don´t be the first to buy low and sell high ., and don´t be the last one to exit
3. Think like a fundamentalist, trade like a technician .
4. Keep your analysis simple
5. Start small and increase exposure when trend is confirming your analysis
6. The hard trade is the right trade


Trade closed: target reached

I´m happy to close the position with 100 points profit , though the bearish bias still have potential . Don´t be the first one to enter and the last one to exit .
Comments
UnknownUnicorn302563
Amazing chart!
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