NZDUSD: Short before NFP

FX:NZDUSD   New Zealand Dollar / U.S. Dollar
413 11 10
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!
Is this one still valid?
IvanLabrie Yahia.Awes

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.
IvanLabrie IvanLabrie
I'll update if I think it's time to go short again.
Cancelled pendings, waiting for news.
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:

Deadline is the red vertical line.
Still on the trade, covered 70% at the lows. BE stop now.
nice one:)
about targets, i plotted below more agressive Neely`s waterfall levels
IvanLabrie look4edge
Looks good ;)
As expected, we have wave i and ii of 3 complete...Time to scale in:

EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out