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Akil_Stokes
Aug 2, 2016 10:05 AM

NZDUSD: 2618/Structure Short Part 2 Short

New Zealand Dollar/U.S. DollarFXCM

Description

Just checked in on the Kiwi this morning & price action has made it's way back to retest the double top. I'm now currently short looking for a move lower.

Akil Stokes
Chief Currency Analyst & Head Trading Coach
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Trade active

Comment

HHHC on the hourly, I'm now expecting a loss on this Trade

Trade closed: stop reached

Comments
Ajoy12345
Any chance to reopen this trade as you can see NZDUSD is on a decline and AUDNZD is on a trend to 1.1230
Akil_Stokes
Not based off the previous analysis, only on a new valid signal.
Elvis.Deonarine
Hey Akil sorry about the loss this will be making my attempt at a short on this pair @ 0.7290
i see you had a nice trade on USD/CAD this morning Great work on that one
Akil_Stokes
No need to be sorry. Losses are a big part of this business. Plus the way i see it, is that each loss brings me closer to the next win! (and vice versa, but that's not as positive ;-))
Elvis.Deonarine
well said
CortesTeam
Hey Akil, i have a question, in that trade you had an 2ATR stop or Structural stop?
Thanks !
Akil_Stokes
Both, above the dB structure by use of the atr
artwiz
What HHHC mean?
SaifurRahman
Higher High Higher close I guess
Akil_Stokes
correct, sorry I'm trying to update quickly between session breaks
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