NZDUSD: Second Short Attempt
The Setup
-Resistance at the 0.7287 level from 4hr chart
-trendline break
-Price struggling to make higher highs
Entry @ 0.7281 only if price does not reach 0.7265 before (this is the 1.618 fib level of the measured move, my first TP)
Trade Management
- 2 sell limit entries @ 0.7281
- Stop Loss for both is @ 0.7294
- TP 1 @ 0.7265 Fib Level 1.618 of measured move
- TP 2 @ 0.7256 Fib Level 2.0 of measured move
Let's see what happens..
-Resistance at the 0.7287 level from 4hr chart
-trendline break
-Price struggling to make higher highs
Entry @ 0.7281 only if price does not reach 0.7265 before (this is the 1.618 fib level of the measured move, my first TP)
Trade Management
- 2 sell limit entries @ 0.7281
- Stop Loss for both is @ 0.7294
- TP 1 @ 0.7265 Fib Level 1.618 of measured move
- TP 2 @ 0.7256 Fib Level 2.0 of measured move
Let's see what happens..
Trade active:
Trade has been entered
2 sell orders @ 0.7281
2 sell orders @ 0.7281
Trade closed: stop reached:
Not happening
Another loss
Never mind.. lets go back to the drawing table
Another loss
Never mind.. lets go back to the drawing table
