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 ------------------------------------------------------- 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 ;
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