Sunday, 21 August 2011

NZD/USD Analysis

Bearish Pin bar candle on daily, off support. Also off 8ema and 8 and 21 ema are both pointing downwards. With trend. Order to open short as follows:

Stop: 8300
Entry: 8230
Limit: 8020

Risk/Reward: 3/1

Move stop to b.e when price reaches: 8160

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