moorekapital

NZDCAD: MAJOR TREND REVERSAL.....???

FX_IDC:NZDCAD   NEW ZEALAND DOLLAR / CANADIAN DOLLAR
612 15 10
A goldmine of opportunity.

1.Definitive Trendline
2. Double top
3. Trendline breakout
4.Retest.....????
If this fails, and it rallies, I'll look for shorts at/near/around RED ZONE.


With patience, an ant could be bisected. - An African Proverb ^_ ^

MooreKapital

Building Stable Wealth With Patience.


Comment: Trade Active, and stop moved to BE. In fact, my earlier entry short was much higher, but I removed due to the gapping down, which was filled up quickly. But I wont give up! I re-entered @ 0.88060 and trade doing great so far. Seeking for MEASURE MOVE target = 0.74853, And that should equate to about 1 300pips I dont know when, but Im holding this thing for God knows how long. ;)

See attached image for how I'm doing this on my PAMM, where I manage money for clients.:
https://moorekapital-gmail.tinytake.com/sf/MzY2ODU0XzIwODk0MjA
(Dont forget to click on "full screen to enlarge image for a better view.

THANK YOU!

https://moorekapital-gmail.tinytake.com/sf/MzY2ODU0XzIwODk0MjA
IvanLabrie PRO jangseohee
yeah!
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Sellstop,10pips below signal bar. If it fails, I'll look to short again higher at 0.96500-0.93700 KEY ZONE as planned.
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moorekapital moorekapital
My conservative entry saved me. Order not triggered. Price caught up with invalidation point. I have cancelled trade. Would look to short at higher level= Plan B ;)
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monthly though current candle is not completed
seems bullish so far
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@Jang This is the monthly trend view
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@Jang This is the monthly trend view
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jangseohee moorekapital
using IDC data might give diff view
that trendline looks delicious ^_^
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moorekapital moorekapital
Clearly the prevailing trend is bullish. But we broke trendline, and not just that, we dipped below prior swing low. Price looks testing broken TL. And given where price sits currently, either the current swing low or swing high= DOUBLE TOP looks threatened. My bias obviously is bullish continuation but price can do anything at this point in time.
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moorekapital moorekapital
On daily chart, if this is a valid impulse, then Im banking on the retracement= Countertrend trade.
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moorekapital moorekapital
I think on your weekly chart up there, you clearly sketched a possible retrace ;)
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jangseohee moorekapital
i see some wicked/rejections ^_^
well done
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Likely Weekly projections: This is on condition that current week turns a rejection bar
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Close of week, this week would be fantastic, if bears dominance prevail from this time on.
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TIME AT MODE
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