GcNaif
Short

Counter trend trade based on Clone 50 percent level rejection

FX:NZDUSD   New Zealand Dollar/U.S. Dollar
258 3 18
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
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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
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Perfect - I will check it out tomorrow. Very interesting
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