NZD USD - Short Flashcard
- Pair in a bearish trend
- Presented with a double top late into new york
- RSI near 68 hook back into volatility bands on first leg of formation and crossed under signal line
- Second leg of formation RSI failed to break signal line (therefore remaining bearish)
- Entry on cross under 13 ema and close second leg
- Stop loss 8 pips above the high of the formation
- TP 1 @ yesterdays low
- TP 2 @ RSI cross signal line (alternative exit signal)
- Pair in a bearish trend
- Presented with a double top late into new york
- RSI near 68 hook back into volatility bands on first leg of formation and crossed under signal line
- Second leg of formation RSI failed to break signal line (therefore remaining bearish)
- Entry on cross under 13 ema and close second leg
- Stop loss 8 pips above the high of the formation
- TP 1 @ yesterdays low
- TP 2 @ RSI cross signal line (alternative exit signal)