CRInvestor
Short

An Interesting Setup In The Kiwi

FX:NZDUSD   New Zealand Dollar/U.S. Dollar
304 3 2
Hello all,
It seems to me we are not quite out of the woods on the 'correction' and October still has a ways to go here. I like the idea of shorting the dead-cat-bounce within the 'risk asset' base and I see an interesting setup developing on the Kiwi. The trade details are outlined on the chart above. I simply ask for 3 independent reasons to justify a trade idea and I think we have them here. Bearish momentum divergence, Tag of OTE             zone ( Mtn             . Man level) and now a Hollywood Nik double top to short against. While no trade is guaranteed to work, I like the odds of this setup and given the opportunity, would be more than happy to put it on. For disclosure purposes, I am concentrating my efforts on building my crypto currency portfolio at the moment. Once I get that stake up to critical mass levels I will look to explore Forex trading in earnest. Until then I am merely a spectator and as a result, please take the setups/ideas as just that - mussing from the cheap seats....lol
Cheers all and good luck in following your trading plans.

Brian
aka
The Canadian Rational Investor
http://www.therationalinvestor.co/
10/23/14 Winner winner chicken dinner....profit target hit (.7803) through North American after hours session. 2.93/1 r/r sweet trade.....
Reply
RomanoRnr CRInvestor
2 years ago
Not only that. I noticed your chart & the greenzone. I went long & sold today in a rally. Great Trade Brian. Short&long, you killed it!
Reply
kate25 PRO
2 years ago
nice trade
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out