NZDUSD: A good 2618 Trade Setup (1 Hr)!!

FX:NZDUSD   New Zealand Dollar/U.S. Dollar
157 3 5
Hello Trader, we currently got a 2618 trade setup that is about to complete. We got double top at previous structure level. Of course, this is useless if we don't take into account the 61.8% retracement . The market is reaching the 61.8 level. We will be looking to short from here. Target 1 has more than 1:1 risk-reward ratio. Note that target 2 is below previous structure level. Make sure to adjust your Target 2, if you need to.

Trade Safe and Good Luck!!
This is crazy!
+1 Reply
moneymaking PriceActionTrading
2 years ago
LOL, actually it never reached the entry level, which was at 61.8% retracement level. This would have been the best trade ever. I believe the downward "waterfall" was caused by the interest rate of NZD or some USD high impact news.
PriceActionTrading moneymaking
2 years ago
Yes i was thinking that too. No one could expect this waterfall.
In retrospect it looks good only.
+1 Reply
Ideas Scripts Chart
United States
United Kingdom
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out