NZDUSD Short - #eToro

28 thg 5, 2013

There is the possibility that the price will break the support, following the pattern. In this case we should be prepared to enter short also because it is the simplest scenario, considering also the tail of today, that you can see in the daily chart. But it is a possibility, because we also need to consider the long tail and the up movement of May 23 and it can be considered also a reversal pinbar and it is more clear in the weekly chart. It's important to wait a price action signal to confirm the situation. We can be prepared to set an order short with a risk near 1:1 (for the short time) if the price will break the support.