Our second setup comes from the NZDUSD. Looking at the hourly chart what we may see is that price bounced from a key resistance level (sliding parallel of median line, and after breaking below the short term uptrend is now in a correctio, pulling back. MACD bearish divergence adds to our analysis on going short.
Setup: Sell
Entry level: 0.69173
Stop-loss: 0.69525
Profit target: 0.68450
Risk/Reward: 2.05:1
Total account (units): 99
Risk 1 unit
Tradewith care,
John
DISCLAIMER: You are solely responsible for your trading. The possibility exists that you could sustain a loss in excess of your initial investment.
Setup: Sell
Entry level: 0.69173
Stop-loss: 0.69525
Profit target: 0.68450
Risk/Reward: 2.05:1
Total account (units): 99
Risk 1 unit
Tradewith care,
John
DISCLAIMER: You are solely responsible for your trading. The possibility exists that you could sustain a loss in excess of your initial investment.
Emir iptal:
We didn't get filled in this one, and the price dropped as expected. This trade is no more valid no matter what happens next. One unit returns to the initial capital.
Trade safe at all times..!