Fxprotrader
Short

NZDUSD: Keep A Closer Eye For This Sell Setup To Complete

FX:NZDUSD   New Zealand Dollar/U.S. Dollar
Price is testing a slide parallel of a median line , where we should watch closer for a breakout below it. If price breaks, we should wait for a correction and a sell setup probably to the slide parallel of the descending median line . If a setup completes i will update this post.

Like and follow for updates..!
Comment: Price has bounced from the slide parallel and rallied back. So even it looks like price has entered the seel zone we still don't watch for a sell.. We need the breakout first and if price retrace in a corrective structure the sell zone is valid
Thank you, ill add a price alert and wait to see where it goes.
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Fxprotrader Batman-oz
Ok, great :)
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i'm in this one from earlier.
snapshot
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Fxprotrader Abozahra
Great trade, well done
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Price has reached the pullback level..should we short now? I have a short initiated at 7263, from an earlier post i made on thursday. I think its headed towards 7040 and then lower towards the 6925 levels...
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No because price didn't retraced in a corrective mode, instead it rallied back sharply.. We should wait for another move to the down and then a correction
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shorted since last week.thanks for your view.feeling relief you shared same sentiment on this pair
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Fxprotrader ibetrader
I hope it works well for you mate.. The pair is expected to sell off, all we try to do is find the sweet spot to short it.. I think you have found it earlier.. Well done :)
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ibetrader Fxprotrader
it worked well for me twice mate.my trades for this pair were in profit twice.last week and today.but im too greedy..im aiming for much lower TP.CHEERS.
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Fxprotrader ibetrader
Glad to hear :) have you ever tried to trail, and make your predictions huge profit trades? And it's not greed at all, you just let your profits run..! Keep the good work up..!
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ibetrader Fxprotrader
I trade solely on daily and 4h charts .trailing stops normally hit before price continues the way we want to.anyway thanks for reminding.I'll try not to b greedy.green pips are much better than red.
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Fxprotrader ibetrader
I personally trail based on structure. i might sometimes give back a lot of pips but when price heads my way the risk/ reward becomes trmendous. Sometimes i add position and trail.. Anyway green pips are always great.. Take care mate, keep the winners up..!
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ibetrader Fxprotrader
Yeahh...thank you mate.I'll keep that in mind.keep on posting your ideas.we would be obliged.
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I like the divergence you're showing. I was watching the 480.

Developing Short NSD/USD
+1 Reply
Fxprotrader NeoSalvo
Thanks for sharing
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Is it time to sell this pullback?
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Fxprotrader kevinkek
Read my update comment mate..!
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great eyes
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Fxprotrader charbonneauj1
Thank you :)
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What a beautiful chart. Brilliant analysis, love the trend lines
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Fxprotrader SaeedRehman
Thank you :) It didn't work as expected, but we didn't get involved
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ibetrader Fxprotrader
it didnt work then and now it is working bro...it is a definitive sell now...
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