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in Closed Trades - 20 Dec, 2012
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Short NZDUSD Closed +102 pips total for trade

We took a short trade using a head and shoulders pattern and a 50% fibonacci retracement on the NZDUSD

NZDUSD Head and Shoulders with 50% fib

NZDUSD Head and Shoulders with 50% fib

We closed out 1/2 of the trade when price gave us +33 pips and moved stop loss to break even . Setting TP at 0.8375

NZDUSD

NZDUSD

Price then continued down and hit our take profit giving us 102 pips total for trade.

NZDUSD

NZDUSD