mhussac
Short

NZDUSD : Third attempt at a short The Bias is still there

FX:NZDUSD   New Zealand Dollar / U.S. Dollar

Trade Setup:
-As in the above picture its a congested area and price is failing to make new highs
-Number of patterns are detectable
-On the 15min chart there is a Double Top
-Trendline Break
-Meausured Move

Trade Management
-2 Trades entered @ 0.7275
-Stop Loss for both @ 0.7309
-Target Profit 1 @ 0.72211 Fib level 1.618 of measured move
-Target Proft 2 @ 0.72000 Fib Level 2.0 of measured move
-Move SL to Break Even after 1st TP hit

Lets see what happens...

A note about the previous two trades on this pair (both linked below)
I think my stop was a bit too tight on the previous trade
and the one before that my entry was not too great
Trade active: Trade still active

In loss at the moment

Stop Loss is in place... wait and see....
Trade active: Trade is still active - fluctuating between loss and profit
Price has made new lowers though since the trade was opened
Trade active: Will be leaving trade opened over the weekend...
Analysing for any gap risk in a short while
Trade active: 1st Target Reached
Stop moved to BE
Trade closed: target reached: Half trade closed at 1st target
other half hit B/E stop loss
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