FX:NZDUSD   New Zealand Dollar/U.S. Dollar
Price breaking below kumo on H4. good r/r

On the D1 View, we can see double top on what could be a channel forming, we also have divergence in both rsi and macd , and macd crossing down.
snapshot
Trade closed: target reached: First position hit TP +241pips. Second at break even
snapshot

Because of how price reacted recently, we might see a deep pull back if it breaks this structure,
Trade closed: target reached: Final target hit. +300pips. total +441pips
lovely charting. i have sold the break out of the wedge. lets take this baby down!
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Simplify- WaveAlchemy
I hope so ! I missed the wedge break out sadly, but i was looking for it too..
Have a nice day !
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WaveAlchemy Simplify-
That's unfortunate. for your information, you can set trend line alerts if u like.
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I am afraid that the NZD is oversold at the moment.
Oversold
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Simplify- motleifaul
Well, I hope it gets a little more oversold !! Thank you for comment. Its really good to have differents point of view !
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motleifaul Simplify-
Nu a-ka!
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motleifaul motleifaul
Seems that you were right. It's more oversold now. Well done!
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Nice trade. Im already selling too

NZDUSD Short I
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Simplify- Piet.Hein
Nice friend, you got it in advance !
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Piet.Hein Simplify-
thanks! ;)
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Pozdravliaiu! This was a perfect deal. It was to late for me to jump on the bandwagon so that I had to make the stop to tight. But you entered in time and could ignore the spike this morning. Thumb!
Do you think that the tightening of the cloud indicates a bottom?
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Simplify- motleifaul
Hello !
Well, that should give you a warning signal, at least.
The bottom for me is my final target, bottom of the channel. But this pair went down in straight line, this is the same pair, in the previous movement down
snapshot
that is not straight like this one, so it might be time to see something like that ?
snapshot


Hopefully i am wrong, and it keeps falling !
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motleifaul Simplify-
Godd work! Thanks.
+1 Reply
Congrats! Im still holding my position.
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Simplify- Piet.Hein
Congrats to you too friend ! I am still holding my second position, but im afraid of a big movement up, what do you think ?
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Piet.Hein Simplify-
Thanks! I think we need to wait and see how price will react around this lower channel. My Position is already on break even. Im expecting a breakout of the channel, lets see...And you?
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Simplify- Piet.Hein
The same here ! I will move SL a little.. But the same, expecting to get to second target.. Let's see !
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Piet.Hein Simplify-
:)
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Well done
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Simplify- SwissPips
Thanks amigo !
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Congrats! Im still holding my position :D
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