Kevabatai
Short

it is just a range, a very... very big range.

FX:NZDUSD   New Zealand Dollar/U.S. Dollar
311 6 9
Please look at addition chart for a bigger view.

NZDUSD             still in a down trend, and the support on the monthly chart is still indicate a very strong power of DXY             . The monthly show a structure of a 2 overlap range of price, one in (purple range) and (orange range) as both pointed by a box in the additional chart below.

Setup configuration :: (More info with a bigger views in the chart below)
SHORT @ 0.6850 , (As point by orange box)
This number come from a recently reversal a few month back... as point by (orange box) .

STOP @ 0.7000 , (As point by red box)
This come from the same point as (entry point orange box) with an extra pip. (as seen on red box).

TARGET 1 @ 0.5400
This number come from a bigger range of price that has been shift over a few years back. (look at bigger chart for detail).

TARGET 2 @ 0.4000
Using the same reason as the (1st target) but with additional extend drop price along of multi years strength of USDOLLAR             , DXY             .

secondary chart for target and price range
snapshot
trader515
a year ago
price wil come above your peak thats not even worth considering if you look at PA
Reply
Kevabatai PRO trader515
a year ago
I have no idea. :P
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dxinvest trader515
11 months ago
when? :-)
Reply
Kevabatai PRO dxinvest
11 months ago
in the next 5 - 6 years. maybe. :D but dont mine me.

im just a seal. ;)
Reply
Grzegorz_Szafranski Kevabatai
11 months ago
a sell ;)
+1 Reply
trader515 Grzegorz_Szafranski
11 months ago
i think i should clarify that i find this sort of setups useless for retail traders
and when i said price will come above 0.70 i meant regarding this setup with targets 0.54 etc
here is setup where i commented before fall
https://www.tradingview.com/chart/NZDUSD/YuaZeknp-Just-a-little-more-and-SHORT-all-the-way/#tc273867



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