JesusDiaz
Short

Forecasting an AB=CD Pattern in NZDUSD

FX:NZDUSD   New Zealand Dollar/U.S. Dollar
**WT +99 Pips**Taking an aggressive C sell position in NZDUSD             into Resistance. This trade aligns with the short position I am taking in NZDJPY             . Aggressive C entries, are exactly what the name implies. AGGRESSIVE. I do not take aggressive C positions unless I have strong signals to do so.
ForceFollower
2 years ago
If your strategy is suggesting that, then sure, you have to go for it. As for me, I'd rather be looking for long opportunities here, possibly at one of your support levels.
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JesusDiaz ForceFollower
2 years ago
which support level?
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ForceFollower JesusDiaz
2 years ago
It was the highest orange horizontal line. But it's already over and done. I entered there, took profit at your violet resistance level and forgot about this pair. Maybe it's going to make another rally, but the current market conditions have fallen out my strategy limits, so I've taken it off my watchlist. However:
1) if it strengthens again, makes new highs etc., I'll be interested in it again,
2) I'll check later on, if the support level at .8585 holds. If it does, I'll go long again.
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JesusDiaz ForceFollower
2 years ago
Good trade!
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PawanChokar
2 years ago
I strongly agree with ForceFollower :)
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ForceFollower PawanChokar
2 years ago
Thank you, PawanChokar. :-) Anyway, good trading to both of you, guys! :-)
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