IvanLabrie
Short

NZDUSD: Short before NFP

FX:NZDUSD   New Zealand Dollar/U.S. Dollar
411 11 8
There is a strong downtrend in this pair, and I consider it highly probable to see a new move down, completing the 1.618 extension of the last swing, which also matches an AB=CD proportion from the first swing down to the mode of the downtrend (most frequent price or accepted 'fair' value, based on Tim West's approach).

The signal is clear so I will set my orders the following way:
-Sell stop order under the previous daily low
-3 Limit sells at 0.751, 0.752 and 0.753 in order to capture the retracement high if any.
-Order size is picked based on having a 2.5% loss if all stops get triggered.

Good luck!
If you're interested in joining my trading newsletter or private lessons, message me. I trade Forex, Equities and Commodities. Contact: skype @ ivanlabrie, PM here or QQ (2954487803). KHL telegram group: https://t.me/joinchat/AAAAAAqHRWYvrLlfpF0StA
IvanLabrie PRO
2 years ago
snapshot
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IvanLabrie PRO
2 years ago
As expected, we have wave i and ii of 3 complete...Time to scale in:

snapshot
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look4edge
2 years ago
nice one:)
about targets, i plotted below more agressive Neely`s waterfall levels
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IvanLabrie PRO look4edge
2 years ago
Looks good ;)
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IvanLabrie PRO
2 years ago
snapshot
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IvanLabrie PRO
2 years ago
Still on the trade, covered 70% at the lows. BE stop now.
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IvanLabrie PRO
2 years ago
Update: potential scale in opportunity if price retraces to 0.744. If it doesn't it's still a valid sell, targetting the following lows:

snapshot


Deadline is the red vertical line.
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IvanLabrie PRO
2 years ago
Cancelled pendings, waiting for news.
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Yahia.Awes
2 years ago
Is this one still valid?
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IvanLabrie PRO Yahia.Awes
2 years ago
snapshot


Weekly shows a potential bearish setup but needs to trigger my entry rules.
Daily shows a pretty bullish correction but I won't suggest buying into it yet.
I'm long eurnzd for instance, and it's working.
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IvanLabrie PRO IvanLabrie
2 years ago
I'll update if I think it's time to go short again.
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