itaskar
Short

dark cloud at res

FX:NZDUSD   New Zealand Dollar/U.S. Dollar
203 15 1
price broke daily res area but cant hold there and closed back below what created dark cloud cover patter in overbought area. stop above this pattern.

daily R/S zone:
snapshot
and now ?
+1 Reply
itaskar vaicru
Hi, If price will close above the red line I will close my position(maybe it will reach my SL first). I recomend you do the same if you are in. On daily is double bottom with broken neckline at this time, and target will be then somewhere in 0.8000 area
snapshot
snapshot
+1 Reply
vaicru PRO itaskar
ok
thanks
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back in trade, price closed back below potential neckline with evening star pattern on daily, stochastic oberbought area
snapshot
Reply
Works !
+1 Reply
dont like yesterdays daily close, wanna see more bearish power. Daily retrace looks like J hook pattern(AUDUSD same), so I moved my stop above previous high:
snapshot
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itaskar itaskar
stop moved
snapshot
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vaicru PRO itaskar
Yo Bro !!! :)
+1 Reply
stop moved, bull signal in potential support area, we need to see close below for continuation
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itaskar itaskar
went out because piercing pattern in 4h, iHAS with broken neckline in 1h
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vaicru PRO itaskar
My SL 0.75
Is yet bearish
+1 Reply
itaskar vaicru
yep pal, it can continue down, I decided to close it because daily (neutral) doji, and bullish signals in 60/240. If I were still in I will put my SL a bit higher, 0.75 is round number and sellers can wait there, so you will be stoped out and after bears jump in it can continue lower. Of course you can be stoped out a bit higher as well :) its a risky game.
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vaicru PRO itaskar
I change my view
I will close my trade tomorrow and on monday will go long
snapshot
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wow
+1 Reply
itaskar vaicru
Lol, Iam glad to be out.. price stoped at resist, will look for short next week if it holds.
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