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May 12, 2016 6:42 PM

NZDUSD Short

New Zealand Dollar/U.S. DollarFXCM

Description

Placed an order to go short.

Comment

Stop loss 0.6820

Comment

Stop loss 0.6808

Comment

Closed 0.6808 with the small loss. Still thinking is good to sell, but recent move to the upside can continue.
Comments
Rayge
kiwi back into channel, but it is double top, so i prefer to wait 2.618, 0.692 to short
ForexTrade
I agree. If price will not go down now, next my selling point would be 0.6920 as well. If will go down now, risk is small.
Rayge
after 3 hours, we have sales data
Rayge
price above neckline 0.68, and back into channel, seems fake break out
ForexTrade
Maybe fake, but if price will drop down I will be happy to have short position.
Rayge
if sales data is good, price may up to 0.69 within 1 hour
ForexTrade
If price will go up, I will wait for another set up.
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