NZD/USD, DAY CHART, SHORT (20-NOV-2016)
A potential Head & Shoulders Pattern appeared.
If the price breaks the support zone near 0.70xx, look for any pullback to short this pair.
It will be a high risk to reward ratio pair of 1:3!
Remember to trade with proper risk management.
If the price breaks the support zone near 0.70xx, look for any pullback to short this pair.
It will be a high risk to reward ratio pair of 1:3!
Remember to trade with proper risk management.
Comment:
Monitoring closely now as the price is trying to breaks the support zone to complete a head and shoulders trade!
Trade active:
Short this pair with little amount. When pull back happen will be attractive to short again.
EP: 0.70014
SL: 0.71457
TP: 0.67260
EP: 0.70014
SL: 0.71457
TP: 0.67260
Trade closed: stop reached:
Too bad the SL was hit.
We should close it early as discretionary exit...
Trade Safely :)
We should close it early as discretionary exit...
Trade Safely :)
