jojofang0901
Short

NZDUSD 1 HOUR BREAK AND RETEST TRADE SETUP

FX:NZDUSD   New Zealand Dollar / U.S. Dollar
176 0 11
Hi everyone:

Here is my view on NZDUSD             SHORT, Any type of feedback is greatly appreciated it. Thank you

Trade: #5

Date: 11/30/2016

Time: 05:00 GMT            

Forex Pair/Commodity: NZDUSD            

Position: SHORT (SELL)

Reward/Risk: 3:1

Opportunity:

Monthly: could not break above the 50 EMA resistance area , high test, follow by bearish candle, then last month end with another high test
Daily: over extended run to the downside, hit horizontal support and resistance line @ 0.7000, Price action formed high test after pulled back to 0.382 fibs retracement on daily chart , ascending trend line and 50 EMA . MACD bearish
4 Hour: break down the support trend line , 20 EMA , forming a small bearish flag pattern
1 Hour: double tops, break down 20/50 EMA and support trend line , retest at main pivot point , and 50 EMA , MACD showed double tops

Looking to take this pair to daily horizontal support and resistance trend line of 0.7000 area.

Thank you for your support
Comment:
Comment: Date: 12/01/2016
Time: 17:00 GMT

Now the trade has already make 1% profit, move my stop loss to break even @0.7100, still targeting the daily horizontal support and resistance line/area of 0.7000
Comment: 12/02/2016

Time: 04:00 GMT

Got stop out at BREAK EVEN price @ 0.7100, before the NFP results.
Comment:
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out