NZDUSD: Second Short Attempt

FX:NZDUSD   New Zealand Dollar / U.S. Dollar
49 3 2
The Setup
-Resistance at the 0.7287 level from 4hr chart
-trendline break
-Price struggling to make higher highs

Entry @ 0.7281 only if price does not reach 0.7265 before (this is the 1.618 fib level of the measured move, my first TP)

Trade Management
- 2 sell limit entries @ 0.7281
- Stop Loss for both is @ 0.7294
- TP 1 @ 0.7265 Fib Level 1.618 of measured move
- TP 2 @ 0.7256 Fib Level 2.0 of measured move

Let's see what happens..
Trade active: Trade has been entered
2 sell orders @ 0.7281
Trade closed: stop reached: Not happening

Another loss

Never mind.. lets go back to the drawing table
I think your analyst is correct just the timing is off. Short trade@0.7281 is forth coming
mhussac gkukahiko821
I fully agree, my entry / stop were not good on this trade.
I have just re-entered a short. Idea just uploaded.
^ The two sell orders have been triggered at 0.7281
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out