ProFX_Strategist
Short

NZDUSD - Potential Bearish Break-Down

FX:NZDUSD   New Zealand Dollar/U.S. Dollar
66 0 3
Notes(s):

1st & foremost; it is ideal to wait for a "confirmation signal" before entering such a "counter-trend" trade. (A confirmation of the price-pattern proving that a down-move is 'confirmed' by your book - e.g. some traders wait for candlesticks reversal patterns, or one can use Heiken-Ashi as well - I for one have the available use of a custom ZigZag signal, custom moving-average, & or wave-patterns-study...)

This is advanced-patterns - bearish alt. 3-drives pattern formation for NZDUSD             (H4-timeframe on my MT4 trading platform).

*Plotted SL & TP level inside chart is only suggestive.

Best regards.
Trade active: A sell-signal confirmation in the 1min chart just came in, so I'm in (1.00 standard lot - Short position).

Regards.
Comment: Just FYI, NZDCAD has a great opportunity to Short as well (I also have a Short position in that as well - with an incoming very-nice sell signal in the 5mins chart).

Regards.
Comment: I'm receiving a BUY signal in the 1min chart for NZDUSD right now... (Usually when I perform scalping, I would close my current profitable Short position & then place a new Long position, but I guess this current trade is meant to be a longer term trade...) I'll see how it goes...

Regards.
Comment: SL moved to BE for both NZDUSD & NZDCAD (I was stopped out in NZDCAD earlier, but I Short it once again at the new height & now it is in nice profit)...

Regards.
Comment: I am receiving a strong buy signal in the 5mins chart for NZDUSD (as of now). As such, it is highly advisable to close Short position (take profit) & anticipate a potential Long move. (I've already closed my Short positions for both NZDUSD & NZDCAD past Friday.)

Currently I'm really busy in the 5mins chart for every major/minor/crossed pairs...

I will come back to post higher-time-frame charts in TV when I have the spare time...

Best regards.
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