NZDUSD Hedge 1Hr
Hopefully the chart notes make the hedge plan easy to understand
The move looks like it may have already started however there may be one more buy rally before the fall
The move looks like it may have already started however there may be one more buy rally before the fall
Note
I have not taken a position yet because i'm expecting one more buy rally before the fall If we don't see another buy rally no worries we'll let it fall then take another buy position upon completion of the correction
I added TP positions as I plan them in my head but I focus on the the 23 and the 38
Trade closed: stop reached
we are still riding the buy take profit has been moved up another 25pips in profit
the correction will come we will just be patient for the buy rally to finish
Trade active
*note*: the hedge trade was closedthe buy is still active we will ride those profits until the reversal validates
Trade active
whoaaaa!!didn't take the hedge but we had a steep correction to the 23
looking to see if theres anything more to this correction then i'll take another position in the buy
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.