Akil_Stokes
Short

NZDUSD: 2618/Structure Short Part 2

FX:NZDUSD   New Zealand Dollar/U.S. Dollar
4 months ago
Just checked in on the Kiwi this morning & price action has made it's way back to retest the double top. I'm now currently short looking for a move lower.

Akil Stokes
Chief Currency Analyst & Head Trading Coach
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4 months ago
Trade active
4 months ago
Comment: HHHC on the hourly, I'm now expecting a loss on this Trade
4 months ago
Trade closed: stop reached
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IAmAgainst
4 months ago
Already on it..
+1 Reply
Akil_Stokes TOP IAmAgainst
4 months ago
Nice, good luck
Reply
IAmAgainst Akil_Stokes
4 months ago
I'd like to hear your opinion, do you think S&R is dying..? I sold at 72245 and then at 71906 counting that it was a pullback to the broken support, but price completely ignored it and retested the previous highs, and lately all my buys/sells at broken s/r retests have being failing..
+1 Reply
Akil_Stokes TOP IAmAgainst
4 months ago
I don't see any resistance levels at the price points that you mentioned
Reply
IAmAgainst Akil_Stokes
4 months ago
I meant this zone, but you're right, maybe I'm overestimating minor structure characteristics.

snapshot
+1 Reply
Akil_Stokes TOP IAmAgainst
4 months ago
sorry about that, thought you wrote 7240's not 7224's. i was rushing to read between our live room breaks
Reply
IAmAgainst Akil_Stokes
4 months ago
No problem..
Reply
freemind777 PRO
4 months ago
a loss for me. how about you guys?
+1 Reply
Akil_Stokes TOP freemind777
4 months ago
My trade is still active
Reply
freemind777 PRO Akil_Stokes
4 months ago
ok, probably my stop/loss was too low. at what price are your stop/loss?
+1 Reply
Akil_Stokes TOP freemind777
4 months ago
If you followed your rules then it was in the correct place. Mine is an ATR above
Reply
artwiz
4 months ago
What HHHC mean?
+1 Reply
SaifurRahman PRO artwiz
4 months ago
Higher High Higher close I guess
Reply
Akil_Stokes TOP SaifurRahman
4 months ago
correct, sorry I'm trying to update quickly between session breaks
Reply
BOOgiiee
4 months ago
loss on the 2618, however i think theres a bearish butterfly pattern
Reply
MattSzwyd BOOgiiee
4 months ago
Possible cypher as well, though definitely not perfect.
snapshot
Reply
MattSzwyd MattSzwyd
4 months ago
Highy doubt structure will allow for this, though.
Reply
Akil_Stokes TOP MattSzwyd
4 months ago
You may want to double check your fibs on that potential cypher using the fibonacci extension or "cypher pattern tool" (looking at the "C" leg)
Reply
MattSzwyd Akil_Stokes
4 months ago
Ah yeah its a bit inaccurate -- I hastily drew that out as a shot in the dark, just in case something like that did form. I'm actually in long @.72305 myself.
+1 Reply
Akil_Stokes TOP MattSzwyd
4 months ago
Gotcha!
+1 Reply
MattSzwyd Akil_Stokes
4 months ago
snapshot
Thought that previous resistance would provide more support, so I had to stop out. In the meantime I entered on the break of structure... so far, so good.
Reply
MattSzwyd
4 months ago
USD personal income reported 0.2% vs. .3% expected basically rocketed that large candlestick above double-top resistance. Otherwise, quite the picture-esque 2618 setup.
Reply
CortesTeam PRO
4 months ago
Hey Akil, i have a question, in that trade you had an 2ATR stop or Structural stop?
Thanks !
+1 Reply
Akil_Stokes TOP CortesTeam
4 months ago
Both, above the dB structure by use of the atr
Reply
Elvis.Deonarine
4 months ago
Hey Akil sorry about the loss this will be making my attempt at a short on this pair @ 0.7290
i see you had a nice trade on USD/CAD this morning Great work on that one
+1 Reply
Akil_Stokes TOP Elvis.Deonarine
4 months ago
No need to be sorry. Losses are a big part of this business. Plus the way i see it, is that each loss brings me closer to the next win! (and vice versa, but that's not as positive ;-))
+1 Reply
Elvis.Deonarine Akil_Stokes
4 months ago
well said
Reply
dollarsignfx
4 months ago
NZDUSD be bullish !!! Good luck bears
Reply
Ajoy12345
4 months ago
Any chance to reopen this trade as you can see NZDUSD is on a decline and AUDNZD is on a trend to 1.1230
+1 Reply
Akil_Stokes TOP Ajoy12345
4 months ago
Not based off the previous analysis, only on a new valid signal.
Reply
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