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lbrincat
Jan 4, 2017 7:04 AM

NZDUSD Bearish Bat 15min Chart Short

New Zealand Dollar/U.S. DollarFXCM

Description

Sell at Point D around 0.69746.

Stop Loss should be at 1.13% Extension Fib of XA around 0.69882

Trade Management;

Move stop loss to break even when price hits the 0.382% around 0.69421 retrenchment of CD.

Take Profit at 0.618% around 0.69220.

Risk/Reward Ratio around 3.84

Order cancelled

Price did not reach point D 1.618% Fib and moved beyond Time Fib 3 marked with a vertical red line.
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