moneymaking
Short

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
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.
Reply
Yes i was thinking that too. No one could expect this waterfall.
In retrospect it looks good only.
+1 Reply
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