Background: - 2nd bearish shooting star formed after testing the 20MA resistance
Entry: - Sell stop set 20pips below the candle low @ 1.472
SL: - set at 50%fib of the candle @ 1.482
PT: - set near previous swing low in weekly chart @ 1.435
Note: - Shorting near low might not be a good idea - NZD rate and policy release due in next thursday
Trade fechado: stop atingido
Updates - 10 Feb 2017: - Trade stopped out after it move downwards and reversed after the reaching 261.8 Fib level from my signal candle. - Probably PT should be set at 261.8 fib level for trade near support... worth investigating further to add into my tool box
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