Akil_Stokes
Short

NZDUSD: Potential 2618/Structure Short

FX:NZDUSD   New Zealand Dollar/U.S. Dollar
4 months ago
Just shot a video breaking this one down to our Syndicate members. What we're looking at is a potential 2618/Structure short opportunity on the NZDUSD             .

IF we get a break & close below our previous structure lows (see last bearish candle), we will be given multiple ways to enter this short opportunity, both involving waiting for a retracement back into our previous double top formation.

Ultimately based off of my daily chart analysis, I would predict a bearish day tomorrow and a potential move down to the 0.7120's to 0.7060's level before seeing some more bullish involvement.

I'm not currently involved in this move, but will certainly have it high on my trading radar as we move into Tuesday's trading session. I'll keep you guys updated if anything changes that is worth noting.

Traders looking to potentially get involved tonight just keep an eye out for NZD Inflation Expectations news 11pm NY Time (as there are still high expectations of a Rate Cut in a few weeks) & RBA Cash rate/ Rate Statement

Akil Stokes
Chief Currency Analyst & Head Trading Coach
www.TradeEmpowered.com -The Premier Online Trading Education Company
Akil@TradeEmpowered.com

Trade Empowered on YouTube https://goo.gl/IscNch
Facebook: https://goo.gl/VTQngr
Twitter: https://goo.gl/FlH33l
Instagram: https://goo.gl/UUyMPl
Periscope: https://goo.gl/WDqr2W


4 months ago
Comment: Traders looking to potentially get involved tonight just keep an eye out for NZD Inflation Expectations news 11pm NY Time (as there are still high expectations of a Rate Cut in a few weeks) & RBA Cash rate/ Rate Statement
Akil Stokes -Head FOREX Trading Coach at Trade Empowered
Check Out Our Free Training https://goo.gl/5e8Jcr
TradeEmpowered On Youtube https://goo.gl/IscNch
Akil Stokes on Youtube https://goo.gl/u5kDC3
"Plan Your Trade, Trade Your Plan"




Jnwsk
4 months ago
What I see
snapshot
+2 Reply
Akil_Stokes TOP Jnwsk
4 months ago
Nice! Thanks for the share
Reply
TomPower Akil_Stokes
4 months ago
its good to have a different perspective, in otherwards sit on your hands
+2 Reply
Akil_Stokes TOP TomPower
4 months ago
I agree, different persepctives are always a good idea for newer traders to see how different eyes view the same price chart
Reply
JeanConsole
4 months ago
Saw it this morning but my rules made me remove my order after NY market close. It was a good setup, i don't know if you see the same but in the first top there's a mini wedge with divergence in the RSI.
+1 Reply
Akil_Stokes TOP JeanConsole
4 months ago
Maybe you'll get a second opportunity if your rules allow
Reply
Jorahu
4 months ago
also NZD diary numbers today. I will go long after you tp your short ones:-)
+1 Reply
Akil_Stokes TOP Jorahu
4 months ago
Nice!
Reply
iznogood
4 months ago
...also potential bearish KoD with RSI div, anyway good luck to everybody.
+1 Reply
iznogood iznogood
4 months ago
snapshot
+1 Reply
Akil_Stokes TOP iznogood
4 months ago
Thanks for the share
+1 Reply
Akil_Stokes TOP iznogood
4 months ago
Looks like we got the KOD after our PCE release
+1 Reply
TAKAFX
4 months ago
NZDUSD SELL SETUP
+1 Reply
Akil_Stokes TOP TAKAFX
4 months ago
Nice! Thanks for the idea share
Reply
BOOgiiee
4 months ago
Took the trade on 2618 also. Good time to test the 2618 from trade-empowered. Sell limit activated on 0.618 retrace. Went in agaim @0.786 retrace also. Now looking to hit the previous support line.
+1 Reply
Akil_Stokes TOP BOOgiiee
4 months ago
Nice! Good luck!
Reply
BOOgiiee Akil_Stokes
4 months ago
aww..it din hit back the support line. took out on my SL.
+1 Reply
Akil_Stokes TOP BOOgiiee
4 months ago
I'm out as well
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out