Kiwi hammered by Dollar!

FX:NZDUSD   New Zealand Dollar / U.S. Dollar
Beautiful head and shoulders in progress. We have a bet on strong dollar (attached) so we get in on anticipation of pattern completion. The 1st target is the neckline and 2nd is the weekly kijun zone.

Entry: 0.66012
SL : 0.66900
TP1 : 0.65062 (Neckline) (RR-1.07)
TP2 : 0.63707 ( Weekly Kijun zone) (RR-2.6)

Position sizing is everything!
Trade closed: stop reached: Sudden kiwi strength took me out so it came out the other way round. Kiwi hammers dollar kkk


@DeGRAM, ookay. . . .well i just say it as i see it. Good thing about the market is it will tell you if you are right or wrong:)
taftrader London_fx_club
@London_fx_club, well we have a few days to find out mate:)
sdubyag London_fx_club
I have a feeling that the right shoulder’s top will be closer to the left shoulder’s top - around .6710 or so.... just my opinion 👍🏻
taftrader sdubyag
Possible,very possible... My premise for the shoulder level is a weekly kijun and daily kijun as well at around 0.6642-52 zone. So the most we might get is just stop hunting above that but ild expect price to fall in line:-)
sdubyag sdubyag
@taftrader I totally understand... it might just be closer to the .6675 level now that I re visit it... good luck...
taftrader sdubyag
@sdubyag, then that would be good,iv put stop at .6690. . . . .but then again you just never know with the markets kkk
+1 Reply
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