moorekapital

NZDUSD: PULLBACK TO AN IMPULSE UP OR BALANCED MARKET?

FX:NZDUSD   New Zealand Dollar / U.S. Dollar
139 2 11
I'm doing this chart to track a trade. It's not a trade recommendation chart.

I will Sellstop below this red bar
and sell 50% -75% retrace of this bar.
Stop @ High +spread+1pip ;)
Target = I'll manage the trade

November 19 RE up day failed to validate

I'm also monitoring actions on GOLD             , COPPER             & LIVE CATTLE            


MooreKapital

Building Stable Wealth In An Extremely Patient Style

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WEEKLY
Comment: Stopped Out!. The short trade failed. I did not pay attention enough to detail.
"The uptrend of 6-weeks is still stronger than the downtrend at only 4-weeks"
I like how the weekly target was reached in the 2nd week of the 6week rally. Very nice. The RED-WEEKLY range expansion bar down 4 weeks ago has failed as of last week to confirm that range expansion...
+1 Reply
Yes, I wouldn't short it personally.
+1 Reply
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