NZDCAD - Mr. Wolfe on help [demo trading account]
Based on previous idea (the linked one), now is time to set up a trade. It may look a little bit confusing, since there are two short positions charted ...
One short is limit order, if price will come back near point 5 again and the other is breakdown stop entry, if I'm late. Stop losses for both are above point 5 (initial SL for limit order is currently far away, just in case of spike before drop and will be lowered later).
Targets are the same - 0.382 and 0.618 Fib levels. Part of trade will be left for longer run, if this will really act as Wolfe waves - in this case NZD would come much lower, but let's wait and see.
Disclaimer: this idea is solely for my own purposes, to satisfy the ego, if it will work out ;)
One short is limit order, if price will come back near point 5 again and the other is breakdown stop entry, if I'm late. Stop losses for both are above point 5 (initial SL for limit order is currently far away, just in case of spike before drop and will be lowered later).
Targets are the same - 0.382 and 0.618 Fib levels. Part of trade will be left for longer run, if this will really act as Wolfe waves - in this case NZD would come much lower, but let's wait and see.
Disclaimer: this idea is solely for my own purposes, to satisfy the ego, if it will work out ;)
Comment:
Another as Private, re-publishing.
Trade active:
Stop order got filled in.
