InsideMarket
Long

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.
shevectorie
a year ago
Looks good!
+1 Reply
InsideMarket
a year ago
CLOSING the target-one lot and putting stop loss at breaking for the target-two.
Reply
InsideMarket InsideMarket
a year ago
UPDATE: close all positions for this pair.

Trade #7 NZDUSD UPDATE - Closing positions
Reply
good work
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out