Fxprotrader
Short

Project 1001 Pips - NZDUSD Pending Sell Setup

FX:NZDUSD   New Zealand Dollar/U.S. Dollar
1551 21 50
5 months ago
After this massive drop NZDUSD             due to Brexit we expected a correction to the upside in order to go short. Looking at the chart now we are about to complete a three wave corrective pattern (ABC) with wave A and B having already formed. We expect price to move up as shown at the chart, complete the pattern and then drop.

For those who are interested taking this trade the entry point is the 1.27 ext of wave A, with stoploss and profit target as shown at the chart. If structure changes i will update this post.

Don't miss tomorrow my webinar on harmonic patterns! I will show you how to draw them (fibonacci ratios), a simple way to identify them into the charts and most importantly which qualify to trade.

You may register using the link below:
https://attendee.gotowebinar.com/register/1446690496367655170

5 months ago
Comment: We have the completion of a sell setup. Price has completed a bearish crab pattern and an ab=cd at a level we have expecting C wave to end.
snapshot
5 months ago
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Khondlo_Capital
5 months ago
Was this webinar recorded? I missed it.
Reply
Fxprotrader PRO Khondlo_Capital
5 months ago
It starts in four hours from now, you may still register.. If you cannnot attend it i will post the link on m youtube..
+1 Reply
irshad4u58 Fxprotrader
5 months ago
What is the name of your youtube channel ?
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Khondlo_Capital
5 months ago
Okay thank you.
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Selhurst1 PRO
5 months ago
Is the trade open?
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Fxprotrader PRO Selhurst1
5 months ago
Yes
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TNS109 Fxprotrader
5 months ago
Whish stop loss is the correct one? main chart or the second one that you have uploaded recently?
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TNS109 TNS109
5 months ago
*Which
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Mrsaini TNS109
5 months ago
Main chart stop would be good, coz i think price may go up to form a bearish bat around 0.7227-07260 PRZ....
Reply
Mrsaini Mrsaini
5 months ago
On 240 chart ...
+1 Reply
TNS109 Mrsaini
5 months ago
Cheers Mate
Reply
Fxprotrader PRO TNS109
5 months ago
Because of the deep crab i updated the stoploss.. So i will go with the new one
+1 Reply
Fxprotrader PRO Fxprotrader
5 months ago
That's possible.. Price should drop and test the uptrend of the correction. At that level we will move stoploss at breakeven. That's way we should be safe
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TNS109 Fxprotrader
5 months ago
Thanks mate
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yousimon
5 months ago
snapshot
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yousimon yousimon
5 months ago
RePlan
snapshot
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Groupotrade
5 months ago
Very amazing how you can know market down like this ? Actually market Nzd up
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Fxprotrader PRO Groupotrade
5 months ago
Sorry i didn't understand what you are saying..
Reply
JumpJumpBunny Groupotrade
5 months ago
Hi Sir, price will go as high as 0.7254 (Daily Pivot R1) or 0.72418 (Daily Pivot R2) which is closed to Weekly Pivot. If price break weekly pivot then pattern consider invalid.
Reply
Alland296
5 months ago
Love your work, THANKYOU
Reply
aziz.au
5 months ago
What was your SL? I placed 0.7208 and it was hit.
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