Price Action shows Bearish signs on NZDUSD!

2016년 4월 20일

After a powerful bullish trend the NZDUSD shows a nice indecision candle on top of a resistance area.

From the price action point of view this usually means that the bullish power might be transitioning to the bearish side. What do i do?

I executed a pending order below the low of the indecision candle to go short. As always i keep my Risk/Reward a 1:2 minimum.

Trading Details:

Time Frame: 6hr
Entry: Below the low of the indecision candle
Stop loss: A few pips above the high of the Indecision Candle
Risk/Reward: 1:2
Account Risk: 2%