For those who are willing to take the risk, this idea might be very interesting moreover it aligns with similar NZD/USD trade, posted earlier. There is a good potential of 230 pips gain using relatively small SL with very good RR ratio although there are many support zones to be considered on the way down to a potential D-point of this Butterfly projection. This potential CD leg is supported by MACD daily divergence only in my point of view and many other factors may be highlighted against this idea. But this is the passion of trading and going against the crowd sometimes may be well rewarded.
Please comment if you would like to see more of my trading ideas. I would be grateful if you share your thoughts too.
Please comment if you would like to see more of my trading ideas. I would be grateful if you share your thoughts too.
Trade active:
Wow, did not expect such a hard drop but this is a good sign as a lot of support needs to be broken before the target. Good luck!
Trade closed: target reached:
Trade active:
Buying this Harmonic :)
Trade active:
Risk free trade. SL set to BE.