JamesCorreia
Long

NZDUSD Long opportunity

FX:NZDUSD   New Zealand Dollar/U.S. Dollar
Here we have a bull cypher pattern presenting itself.. Those interested, enter long at buy zone at your own discretion and using your own methods of confirmation.. Others may prefer to enter agressively at limit, just make sure you manage your risk accordingly.

I chose 2 targets of my preference, moving SL to BE after locking profits at 1st target might be a good idea.. Don't forget, traders are supposed to be risk managers so make sure you protect your capital if necessity arises.

Best of luck for you all.

Best regards,

James Correia
valid cypher pattern. but not supported by fundamental
Reply
JamesCorreia tntsunrise
In my analysis I didn't talked about fundamentals... For me, it would be great if fundamentals were pointing towards a declining NZD... That just means lots of people willing to sell their orders so the true people behind market mechanisms can buy them up. So yes, I hope the heard goes after a short... That's where I will want to look for a long. Of course I can be wrong, but everyone at some point will be, that's natural.

Trade it if it meets your trading requirements. If your trading plan puts a big weight on fundamentals, then look for a short.

Best of luck

Best regards,

James Correia
Reply
tntsunrise TOP JamesCorreia
fully understand. good risk reward trade, WORTH TRYING
Reply
tntsunrise TOP tntsunrise
JUST REALIZE, C POINT DOESNT' HIT 1.27 XA EXT. THEREFORE THIS CYPHER IS NOT VALID
Reply
JamesCorreia tntsunrise
Yes, I don't need the 1.27 extension... The break above A is enough... Of course different trader, different rules... C at 1.27 is the standard that was taught to people. I have my reasons for thinking on NZDUSD at a higher price, the cypher was simply a coincidence which I decided to share. Have you ever backtested the cypher without C going to 1.27 to see the difference?

My trade idea stands by, anyone can use it, anyone can ditch it... It's up to the person to decide.

Best regards,

James Correia
Reply
sseems price did not find support at 0.7854 , soon it will break 0.7800 . this is what i think.
snapshot

0.7750 will be the buy point.
Reply
JamesCorreia tntsunrise
Yes it's completely possible. Nothing is absolute when dealing with markets. NZDUSD also still hasn't given me a confirmation to buy it. If it breaks I'll probably be looking for a short higher though.

EURUSD is almost completing a bull cypher pattern on the 4h chart too if you want to check it out. Valid even with your parameters.

Best regards,

James Correia
Reply
tntsunrise TOP JamesCorreia
snapshot

YES. I POST IT OUT 6 DAYS AGO.
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