NZDUSD : Third attempt at a short The Bias is still there

18 Ağu 2016

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

18 Ağu 2016

İşlem aktif

Trade still active

In loss at the moment

Stop Loss is in place... wait and see....

19 Ağu 2016

İşlem aktif

Trade is still active - fluctuating between loss and profit
Price has made new lowers though since the trade was opened

19 Ağu 2016

İşlem aktif

Will be leaving trade opened over the weekend...
Analysing for any gap risk in a short while

22 Ağu 2016

İşlem aktif

1st Target Reached
Stop moved to BE

22 Ağu 2016

İşlem kapandı: hedefe ulaştı

Half trade closed at 1st target
other half hit B/E stop loss