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UnknownUnicorn180388
Aug 12, 2018 11:39 PM

NZD.USD - Deep Consolidation Period Expected Short

FX:NZDUSD240
New Zealand Dollar/U.S. DollarFXCM

Description

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Currency Pair: NZD.USD
Time Frame: Weekly, Daily & 4hr
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

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Price failed to consolidation into early this week meaning no trade opportunity was available.
Trend AnalysisChart PatternsTechnical IndicatorshallandcotradingtomhallNZDUSD
Comments
BigBuxTrading
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I believe the USD will weaken at this juncture and we will see a 2 week pull back up to the .6775 to .6825 zone.... buckle up... 3,2,1.... :)
UnknownUnicorn180388
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@sdubyag, It's certainly a possibility, i will keep an eye on price if / when it pulls back.
EclipseTradingSolutions
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So much potential this week!

lets go Hall & Co!!
UnknownUnicorn180388
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@JonMc4, I agree, playing the patience game at the moment in the hope price meets our rules :-)
Hope everything is going well your end.
parunyu
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The correction is near 61.8% in H4.
cals
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meaning to say lets wait for 67 @tomhall
EclipseTradingSolutions
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Hi Tom,

just looking myself, looks like pair may be coming to test 38.20. would this create an opportunity or previous consolidation failure negate this?







parunyu
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Is it going consodition?
parunyu
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Why do you enter to buy now and close when pullback target?
UnknownUnicorn180388
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@parunyu, Hi,

It doesn't have a positive expectancy due to a stop loss not being below structure support.
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