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
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