Kiwi hammered by Dollar! Short

New Zealand Dollar/U.S. DollarFXCM

Description

⋅ Oct 18, 2020 12:41 PM

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

⋅ Oct 24, 2020 1:29 PM

Sudden kiwi strength took me out so it came out the other way round. Kiwi hammers dollar kkk

Comments

DeGRAM

⋅ Oct 19, 2020 2:22 PM

My job NZDUSD

taftrader

⋅ Oct 19, 2020 3:24 PM

@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:)

London_fx_club

⋅ Oct 18, 2020 5:50 PM

taftrader

⋅ Oct 18, 2020 6:08 PM

@London_fx_club, well we have a few days to find out mate:)

BigBuxTrading

⋅ Oct 18, 2020 7:02 PM

@London_fx_club why?

BigBuxTrading

⋅ Oct 18, 2020 1:57 PM

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

⋅ Oct 18, 2020 2:04 PM

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:-)

BigBuxTrading

⋅ Oct 18, 2020 2:07 PM

@taftrader I totally understand... it might just be closer to the .6675 level now that I re visit it... good luck...

taftrader

⋅ Oct 18, 2020 2:34 PM

@sdubyag, then that would be good,iv put stop at .6690. . . . .but then again you just never know with the markets kkk