Short NZD-USD
Place Stop Loss at red span @ 0.7821
(Should have set SL higher at 0.7950, Swiss black swan event would have caused this trade to fail)
Re-entry @ 0.7771 at close of 19th Jan 2015, candle closes below conversion line and below the cloud (strong bearish signals).
SL@0.7821 top of cloud - red span
Take profit levels indicated by the yellow lines - use of lagging line to indicate supports.
Place Stop Loss at red span @ 0.7821
(Should have set SL higher at 0.7950, Swiss black swan event would have caused this trade to fail)
Re-entry @ 0.7771 at close of 19th Jan 2015, candle closes below conversion line and below the cloud (strong bearish signals).
SL@0.7821 top of cloud - red span
Take profit levels indicated by the yellow lines - use of lagging line to indicate supports.