FX:NZDUSD   New Zealand Dollar / U.S. Dollar
Another successful setup for the members today as the $NZDUSD formed bearish Butterfly in the hourly chart after meeting 4H downtrend line.
Setup was sent to the members and now we can collect target 1.
Another setups successful from today - Short $AUDUSD, Short $AUDJPY, Long $GBPAUD
Want to try it?
Join us here: http://www.themarketzone.net/#!the-elite-zone/ce9a
WOW !!! What a great trade ~~~~
If you have the time my curiosity was wondering:
Why did you choose the high just under the previous high
and use the full swing for the X to A ?
How did you know that price action would stop - to the pip -
just below the standard fib ext (1.272) pt D @ 1.261 I would
have missed the trade by 4 1/2 pips.
Thanks for your thoughts !!!!


Reply
Thanks,
I didn't Know anything. I speculated that we will see reversal in this zone. My actual entry was few pips lower (near 0.794), I used a sell stop order that will trigger in case of a reversal.
The fact that the price never reached the 1.27 doesn't matter cause as I mentioned, I had also 4H downtrend line that I was monitoring. I'm using zones instead exact lines.
Thanks for your comment
Reply
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