Trade #7 NZDUSD - Trading an ABC pattern

FX:NZDUSD   New Zealand Dollar / U.S. Dollar
Here is my attempt on the dollar correction. First I figured out a leading diagonal withing a leading diagonal . I used MACD to identify which were likely to be the 3th Elliott wave . Than a correction may be in play: an ABC pattern

The strategy is to buy at 62% retracement of the 'A' leg.

Happy trading!


*For now on I'll reveal the money management of my trades. There are two major targets: the first one is at least double of the target two (the farthest). The proportion is 2/1.
good work
CLOSING the target-one lot and putting stop loss at breaking for the target-two.
InsideMarket InsideMarket
UPDATE: close all positions for this pair.

Looks good!
+1 Reply
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