Wednesday, 28 December 2011

NZD/USD Analysis

Bearish Pinbar Candle on Daily Timeframe
Bounce off nearby support
Trend clearly down
Other USD pairs bearish
No obvious resistance until low 7500s
False break of 21st Dec candle


Order to short as per below:

STOP: 7786
ENTRY: 7725
LIMIT: 7505

RISK/REWARD: 4/1

1 comment:

  1. Decided to cancel the trade, didnt like the bullish candle formed on this chart and all USD charts

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