NZDUSD-very low risk entry

FX:NZDUSD   New Zealand Dollar / U.S. Dollar
860 9 11
According to my previous idea:

I think this pair needs a deeper retracement before continuing to the downside. I think the setup is still valid and price action didnt invalidated my view yet.

Im looking to re-enter now at the 0.8860 fib retracement of last "leading diagonal"

My minimum target expectations are the 0.38 and 0.61 fib retracements of last D1 swing.

If im wrong the risk is minimum compared to the potential reward.

Best regards.
Very good trade, strong move in your favor. Good Luck mate :)
I beleive it will follow your analysis. I have found a Cypher on 15M that is currently into CD leg being developped. Attaching my analysis too. Let's see.

Well I have noticed over the last few days...as news happens in this pair it get hammered down when all the other pairs go up...that tells me that someone big is stuck and can not have it go up right now...so until who ever is stuck get's turned around I do not see this going up...but I do agree with you it is a screaming LONG...at this level... divergences on alot of time frames LONG along with double bottoms and weekly BUY zone .... alot of reasons to load up here... for a ride up... but the group that is wrong on this pair is not going to let it go right now in my opinion...
FullTimeTrader RobbyWestHouston
Agree, sometimes the markets are manipulated. Just want to take the risk relying on my setup not to regret after..............
RobbyWestHouston FullTimeTrader
I agree... I am in it too for 200K long... but it my stop is atr + low you are going off of...
Isn't this invalid?
New lows?
I sold before news, 15m chart. Looked bearish.
FullTimeTrader IvanLabrie
According to my trading system my long view is still valid, the price didnt meet the minimum target expectations. The invalidation price is one tick below the last low (0.6497). The NFP news could be the catylist. Regards.
IvanLabrie FullTimeTrader
Gotcha, different strokes for different folks.
How do you see gold atm?
FullTimeTrader IvanLabrie
My view is the same. I entered short on sunday. Took some profits near first target and moved SL to BE. If price retraces to the upside i will try to re-enter short again.
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