TradingView
IvanLabrie
Apr 5, 2015 4:38 PM

NZDUSD: Bullish confluence Long

New Zealand Dollar/U.S. DollarFXCM

Description

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

Comments
IvanLabrie
Updated chart:

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

Time and price targets if we stay above 0.75451 during one session.
IvanLabrie
*Note that RgMov is already printing a new high ahead of price, this is an excellent sign.
IvanLabrie
Gap up open...interesting maneuver...
I'll wait to go long, but watching.
IvanLabrie
IvanLabrie
Another day retesting the mode, which grows larger and larger...In waiting more now, since I was stopped.
IvanLabrie
If we take off form support again, the next bull run will be of a larger scale...looks like accumulation to me.
GcNaif
Perfect , this pair has been bullish since last friday
More