After a powerful bullish trend the 
NZDUSD shows a nice indecision candle on top of a resistance area.
From the price action point of view this usually means that the bullish power might be transitioning to the bearish side. What do i do?
I executed a pending order below the low of the indecision candle to go short. As always i keep my Risk/Reward a 1:2 minimum.
Trading Details:
Time Frame: 6hr
Entry: Below the low of the indecision candle
Stop loss: A few pips above the high of the Indecision Candle
Risk/Reward: 1:2
Account Risk: 2%
NZDUSD shows a nice indecision candle on top of a resistance area.From the price action point of view this usually means that the bullish power might be transitioning to the bearish side. What do i do?
I executed a pending order below the low of the indecision candle to go short. As always i keep my Risk/Reward a 1:2 minimum.
Trading Details:
Time Frame: 6hr
Entry: Below the low of the indecision candle
Stop loss: A few pips above the high of the Indecision Candle
Risk/Reward: 1:2
Account Risk: 2%
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.