Update: This one failed, major rally following the RBNZ decision.
Bearish shooting star candle following a retest to the broken support of the broken broadening formation, a potential short setup is presenting it self here, i look to short the price near 0.8510 with a first target at 0.8415 and a dynamic second target at the rising trend line for the overall bullish trend. My risk limit would be above 0.8580.
Good Luck, haven't joined me yet? please do :
twitter.com/thefxchannel
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Trading Criteria:
1. Trades are taken in two units
2. First unit would be closed at first target
3. Stop loss is then moved to break-even
4. Second unit would be closed at second target
5. Note that If 90 percent of first target is reached without triggering entry, trade is cancelled
6. Remember: Losing is a main part of the game ;
Bearish shooting star candle following a retest to the broken support of the broken broadening formation, a potential short setup is presenting it self here, i look to short the price near 0.8510 with a first target at 0.8415 and a dynamic second target at the rising trend line for the overall bullish trend. My risk limit would be above 0.8580.
Good Luck, haven't joined me yet? please do :
twitter.com/thefxchannel
-------------------------------------------------------
Trading Criteria:
1. Trades are taken in two units
2. First unit would be closed at first target
3. Stop loss is then moved to break-even
4. Second unit would be closed at second target
5. Note that If 90 percent of first target is reached without triggering entry, trade is cancelled
6. Remember: Losing is a main part of the game ;
