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glitchTA
Jun 14, 2017 7:02 PM

Short NZD/CHF - Harmonic Move + Bullish Engulfing Short

NZD/CHFOANDA

Description

Looks like the harmonic move is complete and we now have a bullish candle on a retest of the resistance. Second retest also closed lower than first test. Two positions targetting two possible retracements:

Position 1: Stop Loss: 20 Pips, Take Profit 22 Pips
Position 2: Stop Loss: 20 Pips, Take Profit: 47 Pips

Trade active

Target 1 was reached. However, I moved my targets even further down after seeing how price action reacted after the initial big drop. I've now moved my stop loss to break even as I'm up nearly 20 pips on both positions

Trade closed: target reached

Target 1 now reached! Target 2 expected at arrow, but stop loss rolled down now to Target 1 in case we get a big retracement

Comment

New stop loss for position 2 at dotted red line (above previous sd zone

Comment

There was a retracement which took out my 2nd position, still in profit, about half of my first position. so a 1.5x win
Comments
Ambd
Bravo :)
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