Q-FOREX LIVE CHALLENGING SIGNAL ON 25 MAY 2016 - SELL EUR/NZD

Sell Entry @ 1.65120 stop loss @ 1.67097 Take profit @ 1.62510

See a recent trend line support has been breached. Price did move slightly lower after the breaks, but then retraced back up to test the old trend line as new resistance.This is common price action behavior for a breakout event, and it creates a nice swing trading opportunity.

We’ve got a nice thick bearish bodied rejection candle here for this session, which adds to to the value of this bearish trade idea.

Looking to grab retracement entries, but the market did bleed lower a little at the session open.

Now we’re seeing some retracement price action come in, so there is still a chance the retracement entry limit order may be hit.

If it doesn’t get hit, I would be looking for short opportunities after London open using our breakout methods.

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