2016/11/16

Week 46 / 2016

NZDUSD Possible pin bar setup with bounce from PA zone.

Previous candles have long down tails. This candle seem not perfect. Body to height of this pin bar is 78/29 pips (2.69 ratio). This trade may be counter trend as possible head and shoulders formation may be forming (see W1).


























EDIT: Buy position has been closed, sell position set up and closed. Both with small profit. Moreover two more buy positions were started. This is against rules (which is bad) and hope is being raised (which is more pain). This entry is trading diary so nothing to hide. It is expected that sHs will be formed before down move.





















EDIT: Buy positions closed with loss.

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