TomHall
Short

NZD.USD - Monday's #2 Trade Opportunity

FX:NZDUSD   New Zealand Dollar / U.S. Dollar
Currency Pair: NZD.USD
Time Frame: Daily, 4hr & 1hr
Predicted Direction: Short

NZD.USD updates will be available in the comments section below.

The brief trade analysis presented above is my predicted direction and requires multiple different indicators and confluence factors prior to validating a trade opportunity.
Comment: Price has now broken all key resistance levels which invalidates the trade opportunity.
There is still a possibility on the EUR.USD however with a number of fundamentals approaching it's unlikely we will enter prior.
With the trade opportunity becoming invalid, do you keep a close eye on it for a future trade opportunity, potentially in the same direction? just trying to be general here haha

Thanks for sharing your Idea mate
Reply
TomHall JamesBigBear
@JamesBigBear, Hi,

No worries at all.

No, once price moves away from an entry it then invalidates that trade opportunity until a new one presents itself.
+2 Reply
@TomHall, Would it would be safe to say that ALL rules are reset and need to be met once again, before a opportunity can even be looked at?
+2 Reply
TomHall JamesBigBear
@JamesBigBear, That's correct mate, If day trading then i wait for the next day, if swing trading i wait for the next week.
+1 Reply
@TomHall, wow, thank you. You know that last piece remaining to, what seems like, a unsolvable puzzle? I think you just helped me find it haha. Thanks mate!
+2 Reply
TomHall JamesBigBear
@JamesBigBear, That's great to hear, i hope all goes well for you in the future :-)
+2 Reply
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