FX:NZDUSD   New Zealand Dollar/U.S. Dollar
409 2 10
Thhose who are with me in the NZDUSD             sell trade, enjoy your profits. This was a great example on how to enter a trade based on ratio and structure.
Just remember that we are looking for a major reversal on the daily time frame by means of an ending diagonal structure. An ending diagonal goes hand in hand with ABC             zigzag corrections. So manage your trade closely because we are not out of the danger zone yet. Only a break below wave 4 of the ending diagonal will confirm a renewed bearish trend which will bring price below 0.62.
These kind of trades are the trades you want to trade anytime they present themselves. I personally trade this both short term and long term. Which means that I use 50% of my position for intra-day targets and let 50% on the table for the long term move. If I got stopped out at break even we know that we will re-enter from an even better level.
In the meantime look for impulse-corrections and add once we see the continuation. Nothing moves in a straight line.

http://www.timstuyts.com
excellent trade Tim!
+1 Reply
Thanks Tim, I´m in this one too. I just closed one of my two possitions an hour ago :)
snapshot
+1 Reply
United States
United Kingdom
India
Deutschland
España
France
Việt Nam
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
简体
繁體
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 Support Priority Support Report Issue Ideas Published Followers Following Private Messages Chat Sign Out