NZDUSD Long (short-term)

Another ride-the-pullback thing. Waiting for another drop then bounce upfrom middle BB before setting up a buy stop order slightly above base fib line with TP near weekly resistance (blue line) and SL at current mid BB. Keeping an eye on ADX and DI indicators in the daily chart though and would cancel or close this trade if ever a cross-over happens there soon.

www.dailyfx.com...sis-Feb-15.html?DFXfeeds=f...

D:

W:

Confidence: B (might go to C only if red goes above green in the ADX-DI indicator in daily chart and if price action changes both in daily and hourly charts; risky trade)

Trade fermée: ordre d’arrêt atteint:

Unfortunate loss :( Just went up to base fib. I should have put the buy stop order higher or just went with the flow esp with the DI's about to cross in the daily chart.