Aiming for a Quick Bullish Correction

FX:NZDUSD   New Zealand Dollar / U.S. Dollar
456 3 3
Update: Slightly Missed Entry :|. Trade cancelled

The strong sell-off is testing the 61.8 retracement of the latest bullish wave, and the 50-days SMA . A bullish hammer at this support suggests a potential corrective wave.

Trade number: 65
Accumulated profit/loss (pips) = 2472

Pre-trade stats
Number of trades:64
Winners: 34 Losers: 22 Cancelled: 8
Profit/loss (in pips) = 2472
Open trades: none Pending trades: none
Trading Criteria:
1. Trades are taken in two units
2. First unit would be closed at first target
3. Stop loss is moved to breakeven
4. Second unit at second target
5. If 90 percent of first target is reached without triggering entry, trade is cancelled
I teach my experience conclusions in 10+ trading strategies. PM me for details and cost.
Update: Missed Entry. Trade cancelled
good analysis, these setups are such beauties. why not set the final target up to the 0.84 area?
Technician Marius Johnsrud
Because Overall i still feel there is more downside
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out