GcNaif
Short

Counter trend trade based on Clone 50 percent level rejection

FX:NZDUSD   New Zealand Dollar/U.S. Dollar
258 3 17
i will be shorting this around 0.686 with stoploss aroun 0.69 or below 0.6824 with stop loss around 0.685 with first take profit around 0.6774. This is an counter trend trade and its based on the 50 percent rejection of Clone A.
I am a Chart Slave.Thank you TradingView and @nmike.
Hi - Could you explain your 50% clone and your method please - your charts are quite clear, but I'm not understanding the thinking behind the planning
Thanks
Reply
GcNaif MOD SaeedRehman
Clones is an concept shown to me by fellow tradingview trader named @nmike. The reference range box is drawn based on the pivots or rather picking the important area where the price ranged for a while. then draw the equal boxes of ref range ,we call those equal boxes as Clones. You can get the details of Clone if you visit @nmike profile on tradingview. i hope i answered your question @saeedRehman
Reply
Perfect - I will check it out tomorrow. Very interesting
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
日本
한국
Home Stock Screener Forex Signal Finder 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 Account and Billing Sign Out