NZDUSD Long. Measured move, "stairway to heaven" Long

New Zealand Dollar/U.S. DollarFXCM

Description

⋅ Apr 5, 2016 5:46 PM

NzdUsd has been in a uptrend since late september of 2015.

Recent weeks priceaction broke a KEY resistance area and price looks to be in a "stairstep pattern" with equal moves up and down.

So IF price repeat itself 1 more time we should have a good risk vs reward setup on our hands.

Order: Buystop at 0.6812 Stoploss: 0.6750 TP: 0.7045

1 : 3.45 RvR

Trade closed: target reached

⋅ Apr 19, 2016 2:27 PM

Book full profits

Comments

PateSkpate

⋅ Apr 5, 2016 6:29 PM

Yep I was looking for the same thing.. Missed my fill by 2 pips this morning :(

How you've been? Haven't heard from ya in a while.

Norsefx

⋅ Apr 5, 2016 6:50 PM

I am going for a "momo play" so i dont have to sit in a sideways trade for 24H (in theory that is) I have been good, i was on vacation the good part of March. Been quiet, just batting away on trades and working on improving my trading and collecting alot of case studys. And btw, congratulations on beeing the "pick of the day" that is awesome!

PateSkpate

⋅ Apr 5, 2016 7:38 PM

Thanks man.. Pretty cool to be picked.