NZDUSD: Second Short Attempt
Updated
The Setup
-Resistance at the 0.7287 level from 4hr chart
-trendline break
-Price struggling to make higher highs
Entry @ 0.7281 only if price does not reach 0.7265 before (this is the 1.618 fib level of the measured move, my first TP)
Trade Management
- 2 sell limit entries @ 0.7281
- Stop Loss for both is @ 0.7294
- TP 1 @ 0.7265 Fib Level 1.618 of measured move
- TP 2 @ 0.7256 Fib Level 2.0 of measured move
Let's see what happens..
-Resistance at the 0.7287 level from 4hr chart
-trendline break
-Price struggling to make higher highs
Entry @ 0.7281 only if price does not reach 0.7265 before (this is the 1.618 fib level of the measured move, my first TP)
Trade Management
- 2 sell limit entries @ 0.7281
- Stop Loss for both is @ 0.7294
- TP 1 @ 0.7265 Fib Level 1.618 of measured move
- TP 2 @ 0.7256 Fib Level 2.0 of measured move
Let's see what happens..
Trade active
Trade has been entered2 sell orders @ 0.7281
Trade closed: stop reached
Not happeningAnother loss
Never mind.. lets go back to the drawing table
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