Fxprotrader
Short

Project 1001 Pips - NZDUSD Pending Sell Setup

FX:NZDUSD   New Zealand Dollar/U.S. Dollar
1554 21 50
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

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
Trade active
Was this webinar recorded? I missed it.
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Fxprotrader Khondlo_Capital
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
What is the name of your youtube channel ?
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Okay thank you.
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Is the trade open?
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Fxprotrader Selhurst1
Yes
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TNS109 Fxprotrader
Whish stop loss is the correct one? main chart or the second one that you have uploaded recently?
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TNS109 TNS109
*Which
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Mrsaini TNS109
Main chart stop would be good, coz i think price may go up to form a bearish bat around 0.7227-07260 PRZ....
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Mrsaini Mrsaini
On 240 chart ...
+1 Reply
TNS109 Mrsaini
Cheers Mate
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Because of the deep crab i updated the stoploss.. So i will go with the new one
+1 Reply
Fxprotrader Fxprotrader
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
Thanks mate
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yousimon yousimon
RePlan
snapshot
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Very amazing how you can know market down like this ? Actually market Nzd up
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Fxprotrader Groupotrade
Sorry i didn't understand what you are saying..
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JumpJumpBunny Groupotrade
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.
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Love your work, THANKYOU
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What was your SL? I placed 0.7208 and it was hit.
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