fximperija
Long

#NZDUSD, #Kiwi long on ABCD

FX:NZDUSD   New Zealand Dollar / U.S. Dollar
After Kiwi has been hammered into ground a ret. should occur upon ABCD completion. Again, the PA came so close to 161.8 that I may regard as being reached. This 161.8ext "the golden ratio" should hold and let the PA recover to 38.2 ret.
This long should provide some 114 green pips :)
On this one there is a nice structure around 8520s level. Can we consider that structure as good enough to place our stops below it or shall we aim lower ? Thanks
Reply
fximperija BartoshG
I would consider a stop slightly below 8485 as a safe stop and still have a 1:2 RR ratio :)
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