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lawlee9
Jul 28, 2016 12:29 AM

NZDUSD Head and shoulders short to create 4th wave Short

New Zealand Dollar/U.S. DollarFXCM

Description

Shorting at this level right now. Holding until .6900 to finish 4th wave. Looking for 5th wave at around .7600 for the big short move.

Comment

Double top to send this down.

Comments
gcplau
Interesting chart lawlee..... this idea is good but the remaining wave will take months to complete. If you find a shorter Minor waves in it it may take 2 weeks, and you can earn the same profit if you turn your profit into R/R instead of pips.
lawlee9
this is true, but i'm trying to develop my trading into longer term trades to catch bigger movements, with less work. I'm ok with it taking months as long as i'm getting in from a good spot, just let it ride and keep adding.
gcplau
lengthy reply goes to your PM..
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