Quick Profit on the NZDUSD 4 hour Time-frame April 18, 2017

By | June 1, 2017

Uploaded on April 18, 2017 – Break check on the NZDUSD – video attached
This trade completed the break check pattern when the engulfing candle closed directly on the original breakout line. The signal is considered complete when it closes back on the level being rejected or beyond in the direction being traded. This is another example of why you should never chase a trade, 5 candles formed with the market still at our entry line or better. A pending buy limit order was used to enter this trade.

Leave a Reply