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TradeHuntFx
Oct 12, 2016 10:23 PM

NZDUSD - Very good R:R trade Long

New Zealand Dollar/U.S. DollarFXCM

Description

Still waiting for a correctional wave 4 to begin and we have been presented with the price being withheld multiple times at a level of support. Excellence risk to reward so open two positions to maximise the impeding bullish wave

Trade active

Comment

as this is a counter trend trade...move stop loss to breakeven
Comments
yetisalmon
I would first be anticipating support between .6950 - .7000
TradeHuntFx
if this area fails then yes, I might look for other long positions there
AlexBraiton
4 time timeme is a pattern figure of Pinocchio's nose and still be short
TradeHuntFx
i am not familiar with that pattern...please feel free to post that chart here though
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