DogeBuffet
Long

NZDUSD big reversal inbound? (weekly)

FX:NZDUSD   New Zealand Dollar/U.S. Dollar
NZDUSD             looks like it is setting up for a big trend reversal with 250-615 pips target.

Everything should be clear from the chart, if you have questions/suggestions please do comment!

Regards, Doge

hope so, I'm long...! weekly cypher pattern, 1st target 0.8050 2nd target ~0.83
+1 Reply
DogeBuffet dionvuletich
So am I! Should be a good trade.
Reply
DogeBuffet dionvuletich
Got stopped out with small profit! I hope you did okay as well?
Reply
Still in it, I don't move my stop till the first target is hit so see how we go
Reply
DogeBuffet dionvuletich
Okay, I'll rebuy lower now most likely.
Reply
IvanLabrie PRO DogeBuffet
I'm waiting for a reason to go short, right now we're in the middle of a complex correction. Surprisingly the FOMC meeting only caused price to head back down to support.
Reply
dionvuletich dionvuletich
thats just my rules and how I do it, I am not particularly fond of Cyphers, from my testing they are only 55% accurate based on my entry/ exit rules with an average R:R of 1.46 - Expectancy 0.36, there are better patterns out there imo
Reply
IvanLabrie PRO dionvuletich
As long as your reward's higher than risk, you'll be fine :D Feel like I'm invading Doge's chart haha (he's a friend of mine, and a great price action trader)
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