NZDUSD : Third attempt at a short The Bias is still there
Updated
Trade Setup:
-As in the above picture its a congested area and price is failing to make new highs
-Number of patterns are detectable
-On the 15min chart there is a Double Top
-Trendline Break
-Meausured Move
Trade Management
-2 Trades entered @ 0.7275
-Stop Loss for both @ 0.7309
-Target Profit 1 @ 0.72211 Fib level 1.618 of measured move
-Target Proft 2 @ 0.72000 Fib Level 2.0 of measured move
-Move SL to Break Even after 1st TP hit
Lets see what happens...
A note about the previous two trades on this pair (both linked below)
I think my stop was a bit too tight on the previous trade
and the one before that my entry was not too great
Trade active
Trade still activeIn loss at the moment
Stop Loss is in place... wait and see....
Trade active
Trade is still active - fluctuating between loss and profit Price has made new lowers though since the trade was opened
Trade active
Will be leaving trade opened over the weekend...Analysing for any gap risk in a short while
Trade active
1st Target ReachedStop moved to BE
Trade closed: target reached
Half trade closed at 1st targetother half hit B/E stop loss
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