tntsunrise
Short

nzdusd pending sell idea

FX:NZDUSD   New Zealand Dollar/U.S. Dollar
9109 58 161
nzdusd             pending sell limit
at 0.7191

this is a 3618 trade
coz we have a tripple top.
LOL
Comment: Stil in this trade, didnt break the previous high.
Trade closed: stop reached: NZD cut rate this morning, gap up
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what tripple top ?!
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in my chart. red line.
+2 Reply
SungPLM tntsunrise
THIS IS not a triple top -.-'
+2 Reply
LOL. Nice set up. Thank you
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where exactly did you set your limit.

Thanks a lot for the idea.
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in the chart.....
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newwarez2 tntsunrise
Sorry I meant the SL.
+1 Reply
I don't think it is called top point
+1 Reply
it's ok. I do.
+1 Reply
snapshot

Waiting to sell as well
+2 Reply
Thank you very much for nice idea @tntsunrise
"trade coz" means a triple top?
All the best for you.
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Had the exact same idea ;)
+2 Reply
Great Eye for that double 618 retracement
+1 Reply
Would you target the Bat here or an AB=CD move ?
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LOL.
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The fib is there, the Head and shoulder Price Action is there... I feel good about going short. But... The news on the 11th might be a problem . And the US retail sales might be an issue as well. It is forecasted to go from 60% to 40% and that would be a good thing for NzD. So 2 POTENTIAL great pieces of news in one week is not good for a short. Or am I scaring myself and making these issues bigger than they are?
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lluriel Trillionschifer
What about NZ interest rate decision tomorrow?
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Yeah that too. US is expecting bad news on friday.. so and that will shoot his pair up. At least that is what I expect.
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Very nice chart. Thx
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nice chart, thanks pro.jack
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time to sell ??
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hello sir i follow your view in this trade and i sold NZDUSD @0.7200 but i want to know please what is your take profits ?
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vicky13 hosamhamdy1982
tragedy failed i also sold audusd and nzdusd but i lost money
+4 Reply
Hellrider2 vicky13
everybody is losing money nowadays.. the logic says short on the nzd as the rbnz is about to cut rates, but the kiwi has been soaring since Monday, so maybe most of the shorters are already out and the price might decline after the decision, although for a sustained decline the rbnz statement should sound really dovish. Otherwise, the RBA fiasco will happen again
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went in too early and set a stop loss that is too close. if you had look left and take the second peak as guide for a stop loss you would have been ok. this could possible still head higher but at least you could have set to break even before that happen
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triggered at 0.7191 it seems to go at 0.73!!!!
+3 Reply
mshuaibi na001988
well NZD & AUD are high yielding currencies obviously they willo get bought up with the hunt for yield. Even bonds dont give 2.25% per annum
+1 Reply
FawadJawed na001988
there it is..
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People, it will be go down, but later… WAit for breakout
snapshot
+5 Reply
it broke out to the upside mate :-)
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ReneK FawadJawed
Oke.. if it brooks out, why is going up now ?
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obviously if it breaks up it will goes up if it ain't a fake one :-)
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FawadJawed FawadJawed
go* ^^
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ReneK FawadJawed
There is no fake one, fake break doesn't exist. That means you put the line wrong. So it's still a uptrend, when it breaks the down line, THEN it's going down
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i am away from this pair for a while.. all what i am saying is it looks to be going up for the moment
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Some update Sir. thanks !
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is it still a 3618 trade?
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I THINK SO
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jpctop DemPips
What means a 3618 trade?
Thank you
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TrippleTop 618 pull back
+2 Reply
jpctop tntsunrise
Oh thank you for the quick response and your expertise!
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so ur saying it will keep going up
?
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NO?
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Hassyb tntsunrise
i meant NZ will keep going down.. USD Up?
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Dguaman Hassyb
No, is a short call ... he is selling this pair.
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high of. 7323 u mean
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Hey Jack, Can we short AU now?
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i think so.
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in 3 hours,big news for nzd
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smh...
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There was a news for NZD.

anyway more good trades will come.

Have a safe flight Jack
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trade closed means what happend jack ?
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means trade closed..... means either the SL or the Target is hit
+1 Reply
Is there any chance of going short nzdusd
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Gap is big, I had 42 pips slippage when stop was hit. SL 0.7270, filled at 0.7312.

Position was small. No big deal.
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NZDUSD rate cut has been priced in. Market is probably in a buy high yield, thus like RBA and AUD, even if RBNZ cut rate, NZD likely to go up. Instead have shorted EURNZD and GBPNZD 2 days before RBNZ. Shorted EURNZD at 1.5560, now 1.5360 +200pips. Shorted GBPNZD at 1.8330, now 1.7880 (+450pips)
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I dont understand. If there was nzd rate cut, it is bad for the nzd, so nzd should weaken, isnt it?
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another excellent trade of this tntsunrise..... like short aussie

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