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aibek
Dec 10, 2016 4:31 AM

NZDUSD (kiwi). Very Neat Structure. Sell on break Short

New Zealand Dollar/U.S. DollarFXCM

Description

Kiwi has a very neat chart structure with accurate touchpoints within the trend channel.
The structure was broken last month and we have a very healthy pullback after that.
It touched the broken trendline and now heading south.
The structure shaped a bear flag pattern with a target at 0.6710.

Comment

Zoom view of price action area for comfort

Trade closed manually

Don't be greedy and book profit )))
Anyway stop is better to be moved to 0.70 and target is 0.6710.
Comments
IvanLabrie
I think it's a good one, cheers.
aibek
@IvanLabrie, Hola maestro! Thanks for a warm feedback!
IvanLabrie
@aibek, :D hopefully we get this one right. Have a great weekend.
aibek
@IvanLabrie, )))) U2!
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