Nzdusdbreakout
kiwi/$ shorts pending after current longstraders, i hope you are all ready for this week of firework - i will be continuing to look at carry trades as we expect some reallocation to the kiwi as investors re-consider the RNBZ outlook. Moreover while futures point toward further upside in this weeks milk auction
as many of you have seen my related idea which will be the long up til .75x levels (see attached) - all eyes on the fed this week!
best of luck and remember to like and comment your ideas they keep my humbled!
(NZDUSD) 4hr - Quick small pipsIF anything, the daily candle speak for itself, we hit SL in our previous chart because of the rate cut volatility, but that's all behind us now and am shorting again.
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Liability Disclaimer : All trades posted here are my personal view of the market.
If your planning to use them as signal, do your own research first and you are responsible for your own entries, exit, profit and loss management.
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NZDUSD-Short Position- For Atleast 600 Pips!Based on AB=CD pattern , Time Ratio & Gann Analysis. This is a potential Short position for at-least 600 Pips, It has a potential for 1500 or more pips, the minimum expectation is 600 Pips from this trade !
I am following this pair for quite a long time now and already made a good profit. I'm already in this trade and keep adding new short positions if it goes higher as I don't see any move which shows a good opportunity to buy.
This trade has a complete structure and every single move will earn you Huge Pips. I have tried to mark the best entry points.
.TP & SL are mentioned in the chart.
Adjust your Stop Loss according to your lot size,
account equity ,strategy & money management.
***If you want to get in this trade from this point or 0.72565, you can still catch 500+ pips till TP1 is reached, however It may still go up keeping the current situation in mind , It is recommended to enter with a smaller lot size if you want to take a short position right away & manage your stop loss accordingly.
***New Zealand Employment Change QoQ will be released in 8 hrs from now followed with other events & high volatility is expected so it is recommended to wait and see the impact and then enter the trade.
Good Luck.!
* This is my personal view and analysis on this chart. If you follow this idea please plan your trade according to your lot size and account equity .
Don't forget to like, If you like my analysis :)
My Kiwi Strategy for the week.Im mostly looking to go long on this trade to ride its final 5th Wave up. But as for my aggresive trading nature I am keen on selling the breakout of the recent hourly trend which Im looking to get a 2:1 Return .
My TP for the Shorting trade will be 38.2% fib and thereon will be my Long setup for a 3:1 return with a TP at the recent highs or higher.
If you are more cautious I suggest you wait for the consolidation to take place and find a sutiable buy zone according to your RM. Again my buy zone is just above 38.2% fib with SL below 50% fib.
I wish myself and everyone the best of luck.