Carnelltrade
Short

NZD/USD abc corrective move (short) in 120 pips Green

FX:NZDUSD   New Zealand Dollar / U.S. Dollar
49 0 3
This setup now at B.E, intially got spiked in at 220 level thanks to yellen haha. Managed a good exit as was prepared for a test of the 500 level and hedged with usd/jpy             to conserve capital. Now have a nice bit of exposure and got in at the 440 level, will most likely see correction of the initial down impulse but this could be a nice trade and certainly is in terms of RR. Best way to enter would be to wait for a pull back or a break of the 300-330 level, and as always trade with care with good strategy and risk management. YOUR ACCOUNTS ARE WORTH MORE THAN 1 or 2 TRADES P.S stop is at the 440 level but putting it at the 390 level which has shown to be supp/ress may allow for a cheaper trade OR better yet Place it at the top of the FLAG or around 417 level accounting for spreads ECT.
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