NZDUSD: Structure based short

18 paź 2016

This pair formed an H&S pattern, broke the neckline and had an impulsive to the downside. Now it is back again at the 0.7200 even handle, where the neckline was. Giving the previous support (now resistance) at this level and the RSI going overbought I am SHORT on the NZDUSD.

27 paź 2016

Uwaga

Closed 1/3 of my positions. SL for the rest of the positions on BE.
Already 85 pips profit!!!

2 lis 2016

Uwaga

Closed the rest of my positions at breakeven. Overall a profitable trade, too bad it didn't reach 0.705