IvanLabrie
Long

NZDUSD: Bullish confluence

FX:NZDUSD   New Zealand Dollar/U.S. Dollar
158 16 10
The chart says all, based on my view of gold             and the dollar, and thanks to The Working Traders' idea, I spotted this perfect buy setup.
Ideal entry would be a retracement, but we might also see a gap up open. A buy stop over the high would do as well.
Risking 1% on both orders we can aim for 0.79227 by April 15th.
Cheers,
Ivan.
Trade closed: stop reached
:) Great R:R. Nicely charted
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IvanLabrie PRO workingtraders
Thanks, just applying what I know to your technical and fundamental outlook...we share views here, at least on the basis on the gold correlation and fundamentals.
Just too much lining up to NOT take this long. Has great potential.
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IvanLabrie PRO IvanLabrie
Wyckoff would call this jumping the creak...you need a run up to jump it and reverse the trend... ;)
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IvanLabrie PRO IvanLabrie
*creek:

http://s619.photobucket.com/user/MagicCajun/media/Wyckoffian-VSA/Chart2-6.jpg.html
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huge consolidation phase there building a base
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Perfect , this pair has been bullish since last friday
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If we take off form support again, the next bull run will be of a larger scale...looks like accumulation to me.
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IvanLabrie PRO IvanLabrie
snapshot

Time and price targets if we stay above 0.75451 during one session.
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IvanLabrie PRO IvanLabrie
*Note that RgMov is already printing a new high ahead of price, this is an excellent sign.
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Another day retesting the mode, which grows larger and larger...In waiting more now, since I was stopped.
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Gap up open...interesting maneuver...
I'll wait to go long, but watching.
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Updated chart:

snapshot
+1 Reply
IvanLabrie PRO IvanLabrie
Doesn't look like the price target will be reached in time...might suggest a short tomorrow.
snapshot
+1 Reply
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