After a powerful bullish trend the NZDUSD shows a nice indecision candle on top of a resistance area.
From the price action point of view this usually means that the bullish power might be transitioning to the bearish side. What do i do?
I executed a pending order below the low of the indecision candle to go short. As always i keep my Risk/Reward a 1:2 minimum. Trading Details:
Time Frame: 6hr Entry: Below the low of the indecision candle Stop loss: A few pips above the high of the Indecision Candle Risk/Reward: 1:2 Account Risk: 2%
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