2006/10/24

Open trade closed

Monday`s situation:
10/20/2006 5:37:28 AM 10/24/2006 12:00:00 AM 22328215 Sell NZD USD -10,000.00 0.6685
Stop lose: 0.6721 Target: 0.6602




Now this trade is closed at 0.6616. Net profit 66.8 pips.
Why: i`m supposing a head and shoulders forming on 4h chart:

Next actions:

A - short on 0.6660 area with 25 pips SL, target at 0.66 and bellow.

B - Short on 0.6570 area with 35 pips SL, TP at .6540 and bellow. But opening this trade will depend on marker behavior (from my point of view).

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