4H - Engulfing bearish candle @ 4h resistance

5 Eki 2016

Here on the AUDNZD we have a counter-trend setup. The market has been trending up for the past couple of weeks and has now run into a previous level of resistance. The market put in an engulfing candle at this previous level of resistance which shows selling pressure at this level.

11 Eki 2016

Not

CLOSED 50% OF TARGET BY TRAILING STOP