tntsunrise
Short

NZDUSD TOP FORMED What's next?

FX:NZDUSD   New Zealand Dollar/U.S. Dollar
8241 51 195
NZDUSD             TOP FORMED
What's next?

We see a very nice doulbe top formed
and a LIBRA Pattern + 0.618 pull back is expected.
I will be a seller when NZD pulls back to 0.7227

TP1:0.7068
TP2: 0.6700
Trade active:
snapshot


SHORTED AT 0.7182
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i totally agree:
see updates
fake breaking of strong resistance
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Thank you Jack for your trade insights!
+1 Reply
interesting idea ..
+1 Reply
agree
+1 Reply
Thanks for sharing, Jack!
+1 Reply
Thank you for sharing!
+1 Reply
If it breaks .70686 before getting back to .72?
+1 Reply
where's the stop?
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Jack, thanks for sharing. I just started following you. Great posts. Will you sell at that price or watch price action at that price?. Where will stop be?. I could put in sell and a buy stop now in case we hit entry price while I am sleeping.
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If price goes lower will you still be selling @6.18 retracement
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So bad
+1 Reply
StevenMilward FXJakovskii
lol. you should have waited for a pullback...
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JAck any comments on this trade please? or you have closed it?
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Exactly Mr tntsunrise,
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I think shorted here is a great opportunity if rbnz cut the rate too next week.
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Same TG1 AND TG2?
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Dguaman Dguaman
SL? .. thanks Sir
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at least 78.6%
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I am not sure I understand why you entered a short now. It is not at your 0.618 fib target yet. Could you kindly explain why?
Thank you.

Regards.
HB
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nahidik PRO HermanBrummer
The original .618 was based on where the retracement was anticipated to start. Price disrespected this level so you have to fib the entire move which moved the .618 down. That is my take on it anyway.
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u are absolutely right
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hold the shorts? i shorted in 0.7170
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alanprotrader PRO alanprotrader
and shorted again in 0.7180
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I see. Thank you nahidik
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Why did you short at 0.7182 when you previously state entry at 0.7227?
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SEE THE CAHRT. COZ THE FIB 0.618 CHANGD.
+1 Reply
yeocs93 tntsunrise
Is it advisable to scale in at FIB 0.786?
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also can
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Thank you Jack
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Thanks for updating, Jack. So your trading was just based on Fib 0. 618 this time? I am confused here.
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tntsunrise TOP watsonzou26
doulbe top plus 0.618
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watsonzou26 tntsunrise
Many thanks for your response,Jack.
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still holding my shorts, up movement finished and start the down movement?
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It looks like we have the same idea.
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leiliu99 Rocketman
any thought on where to put SL? Thank you
+2 Reply
Hi Jack, any new thoughts or you keep the position?
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anyone holding position?
+1 Reply
ArtFly chhabrakaran37
I hold the position but I'm loseing my confidence . SL 73
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i just hope we dont touch 73. This is was the first time i took a trade with jack :-(
+1 Reply
anyone holding position?
+1 Reply
Dps chhabrakaran37
yes..i'm holding it..
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Hi Jack, may I know where should I set my take profit for this pair? Thanks!
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