piphunters
Short

NZDUSD: Sell break out

FX:NZDUSD   New Zealand Dollar/U.S. Dollar
1404 8 41
The pair is inside a weekly corrective structure which is going up, currently an uptrend which is part of this structure looks to be getting broken which could provide a possible short opportunity.

IMPORTANT: The setups posted here are not trade calls or signals and are intended for guidance purpose only and you should use your own strategy to determine entries and exits. They reflect my general view of the market and does not mean you should take the trades without a proper trading plan or strategy, If you would like to get all my setups together with exact entries and exits with please visit http://www.thepiphunter.com and subscribe.
don"t you think this may be wolfe wave
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piphunters MeshalAlnashri
which exactly is? I have no idea :)
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Would the market be going up actually be just an impulse or a false spike ? I had the same plan to short as soon as it breaks out of the trendline , but its behaving differently.
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piphunters maddude22
it's been very reluctant just like AUDUSD so I would short only after a very good confirmation, this can be an opportunity or it can still go up and we wait for next opportunity, it's gonna crash sooner or later
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maddude22 piphunters
Alright, thanks a lot for all your ideas. Since i'm already in this trade, i'll just hold onto it now considering i'm already 25 pips down.
As you said, it'll reverse sooner and I dont want to leave this trade in a massive loss :)
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piphunters maddude22
good luck, the impulse will probably be a big news event.
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Great ..also have similar Idea
NZDUSD SELL Setup
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piphunters Roncriss
thanks and happy trading!
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