FX:NZDUSD   New Zealand Dollar / U.S. Dollar
At market bear unified gartley is completed. It is seen by stochastic (5,3,3,70,30), prex(10), atr(2.5, 30) and percent(1%) reversal algorithms. Oscillator wave confirmation algorithms are frequently used by Ellioticians. Percent and atr swing identification algorithms are commonly used by classic chart pattern traders. Prex algorithm is a universal algorithm used by the majority of traders.

If you have this pattern in your trade plan then...

sell in 1.6640-1.6734 zone. if the zone is crossed then the pattern didn't work. first target is 1.6588, second target is 1.6525. The targets are adjusted if price action goes deeper into the yellow zone(restretch the fibs to fit priceaction and find new 0.382 and 0.618 levels).
This pattern was found by MPS-v5.5 pattern recognition software: https://mps-trade.com

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I dont understand how do you make money outside of crypto? The volatility is so small. Are there fee's too?
+2 Reply
Alexander_Nikitin YourFriendFrank
@CryptoBlake, it is the position size that matters. even a small movement brings lots of dollars.
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YourFriendFrank Alexander_Nikitin
@Alexander_Nikitin, I mean with this volatility you need like $100k position sizes, if there even is liquidity for that portion
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Alexander_Nikitin YourFriendFrank
@CryptoBlake, $100K is a standard position size in forex. It is called 1 lot. Forex market is biggest market on earth. It won't even notice 5 000 lots position size. On average I open 3-6 lots (depends on my stoploss distance).
+1 Reply
YourFriendFrank Alexander_Nikitin
@Alexander_Nikitin, oh wow. fuck me so I'm talking to really wealthy people. I hope I can join you one day in the market. Thank you for sharing and for the education! I'm gonna start my journey at babypips
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blankz369 YourFriendFrank
@CryptoBlake, Leveraging helps. 1:20 till 1:500 normal leverages
+1 Reply
@blankz369, Yeah, I wasn't thinking of that. Thanks for pointing that out!
+1 Reply
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