FX:AUDNZD   Australian Dollar/New Zealand Dollar
A recent series of NSL's was stopped by a NSH             violating LH. Thus the last NSL is now considered to be a false breakout. As price moves in trends there's a high probability of another up impulse appearance. I expect at least a retest of the NSH             . Bat pattern gives us a very nice risk to reward so we can enter this trade using it)
GcNaif MOD
2 years ago
hi mate, how r u doing, good one only concern is the nzd cash release at 5pm eastern, if we could survive that then this will be a juicy one.
Reply
Alexander_Nikitin TOP GcNaif
2 years ago
Hi, mate. I'm ok. News doesn't move price. People's reactions to the news do). The chart says that the reaction will likely be expressed in buying))
+2 Reply
IvanLabrie PRO Alexander_Nikitin
2 years ago
Exactly my take...looking like a buy!
+1 Reply
Alexander_Nikitin TOP IvanLabrie
2 years ago
Why not? There's not much risk in this trade (as compared to reward)).p)
Reply
IvanLabrie PRO IvanLabrie
2 years ago
AUDNZD long I say...
+1 Reply
GcNaif MOD Alexander_Nikitin
2 years ago
yeap , lets see what that reaction will be, good luck and good going mate
+1 Reply
ninjabenja PRO
2 years ago
Great chart. Because you specified a bias (long) can you explain what your invalidation level would be? Thanks.
Reply
Alexander_Nikitin TOP ninjabenja
2 years ago
The trade is already in play. I will exit the trade as soon as priceaction hits 113XA fib extention. My logic is as follows:
XA= impulse, ABCD= complex correction. IF ABCD = XA then it's not a correction any more but already an impulse in opposite direction. So, there's no need to stay in trade any longer. I give some space to the market and place stopes a several pips below X.
+1 Reply
emadudin
2 years ago
K thanks for that please could you tell me of TP what is the TP and SL
Reply
Alexander_Nikitin TOP emadudin
2 years ago
See above for SL ideas. As for TP... It's ok if you place it at B-retest, C-retest or A-retest. The further TP the less probability for priceaction to hit it.
Reply
hi I think so
AUDNZD
Reply
Alexander_Nikitin TOP manijeh.kazemi.33
2 years ago
these moves are very huge for me. I'm hunting smaller swings).
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FullTimeTrader
2 years ago
nice one! the rate cut helped
+2 Reply
Dinkan
2 years ago
Was an excellent idea. Really made some money! Thank you
+1 Reply
Alexander_Nikitin TOP Dinkan
2 years ago
cha-ching))
Reply
Fantastic.
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Alexander_Nikitin TOP XavierAlexander
2 years ago
Yeah, agree. Subscribe to get these ideas before they actually played out))
+1 Reply
Alexander_Nikitin TOP XavierAlexander
2 years ago
Check the related ideas links. There are similar setups. Some of them are still in play)
+1 Reply
KVE PRO Alexander_Nikitin
2 years ago
Very nice, will trade on one of your other idea's!
+1 Reply
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