Akil_Stokes
Short

NZDUSD: 2618/Structure Short Part 2

FX:NZDUSD   New Zealand Dollar/U.S. Dollar
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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Trade active
Comment: HHHC on the hourly, I'm now expecting a loss on this Trade
Trade closed: stop reached
Already on it..
+1 Reply
Nice, good luck
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IAmAgainst Akil_Stokes
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
I don't see any resistance levels at the price points that you mentioned
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IAmAgainst Akil_Stokes
I meant this zone, but you're right, maybe I'm overestimating minor structure characteristics.

snapshot
+1 Reply
sorry about that, thought you wrote 7240's not 7224's. i was rushing to read between our live room breaks
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IAmAgainst Akil_Stokes
No problem..
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a loss for me. how about you guys?
+1 Reply
Akil_Stokes PRO freemind777
My trade is still active
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freemind777 PRO Akil_Stokes
ok, probably my stop/loss was too low. at what price are your stop/loss?
+1 Reply
Akil_Stokes PRO freemind777
If you followed your rules then it was in the correct place. Mine is an ATR above
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What HHHC mean?
+1 Reply
Higher High Higher close I guess
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Akil_Stokes PRO SaifurRahman
correct, sorry I'm trying to update quickly between session breaks
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loss on the 2618, however i think theres a bearish butterfly pattern
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MattSzwyd BOOgiiee
Possible cypher as well, though definitely not perfect.
snapshot
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MattSzwyd MattSzwyd
Highy doubt structure will allow for this, though.
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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)
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MattSzwyd Akil_Stokes
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
Gotcha!
+1 Reply
MattSzwyd Akil_Stokes
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.
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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.
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Hey Akil, i have a question, in that trade you had an 2ATR stop or Structural stop?
Thanks !
+1 Reply
Both, above the dB structure by use of the atr
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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 PRO Elvis.Deonarine
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
well said
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NZDUSD be bullish !!! Good luck bears
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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
Not based off the previous analysis, only on a new valid signal.
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