Tom_Killick
Long

NZDUSD: Nice Long To Come Of This, But Be Cautious! #Forex

FX:NZDUSD   New Zealand Dollar/U.S. Dollar
670 14 23
Friends

Nice long to potentially scoop up. But do so with caution.

Given you some action levels to consider on the chart.

Best of luck
Tom
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Hey Tom, Yes it better to go long AFTER market break structure. Also let tomorrow's Fed news go by before jumping into this. Great analysis mate. All the BEST :)
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Tom_Killick PRO moneymaking
Yes, these factors are exactly why I think people need to proceed with caution. Especially if you're a technical oriented trader.

Regards
Tom
Reply
Tom_Killick PRO moneymaking
Saying that though, I bought in ages ago. Filled around 0.6620's. But thats not a recommendation of order price, just giving you my journal! :-)

Tom
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moneymaking Tom_Killick
Nice, early entry. Good Luck mate :)
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I've been waiting for this bottom to materialize but I think it might be late, maybe short lived.
We'll have to see what Yellen does to be sure.
I'm not trading until right before the NY open, as a rule of mine.
Good entry btw ;)
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moneymaking IvanLabrie
Solid rule mate :)
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IvanLabrie PRO moneymaking
Started doing that and only trading usd pairs (hence the rule).
This one looks interesting, if gold rallies like I expect it to it'll be nice. (I want to fade the top)
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Sorry Ivan just realised you Private messaged me earlier. I shall have a look at your messages now.

Tom
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Ashame we didn't see continuation. I was hopeful :-(. What do you think about this pair Ivan?
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IvanLabrie PRO Tom_Killick
It's a perfect trend continuation scenario...at least until gold decides to correct like I expect it to and hit 1160+ -and my limit sell-.
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IvanLabrie PRO IvanLabrie
(In Elliott terms, looks like we saw a triangle thrust in gold, which makes me think this is an ending move, at least in the daily. Hence, a retracement is expected, helping nzdusd take a breather soon).

snapshot


Downtrend in effect, but viable to see a retrace soon.
+1 Reply
Very good analysis once more! The conservative entry does look like the best way to play this =) Thank's for the chart post Tom! Cheers =)
+1 Reply
Thank you Daniel! :-)
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can I ask you, which platform you use or which platform you prefer to use?
tanks for u time
+1 Reply
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