mhussac
Short

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
Reply
mhussac gkukahiko821
I fully agree, my entry / stop were not good on this trade.
I have just re-entered a short. Idea just uploaded.
Reply
^ The two sell orders have been triggered at 0.7281
Reply
United States
United Kingdom
India
Deutschland
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
简体
繁體
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 Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out