EN Sell

4 июн. 2020 г.

On the daily chart you can see that price has broken the strong support circa 1.763, the 200 EMA and back into a major consolidation box on the weekly and daily. The H4 however reveals the real juice. A high, low, lower high, and lower lower has been created. The first leg finished around 1.7625, which is the 38.2% fib of the second leg. At the very least we can see price make a push down to the same low around 1.742 for a good 200 pips. Now if you look at previous price action you'll see that the last time price traded below this zone it shot up passed it. Market memory "THE MARKET REMEMBERS" may cause price to shoot back down all the way to 1.7 for an extra 400 pips as I've seen price do this before in similar situations. Best case scenario of course but not unbelievable.

14 июн. 2020 г.

Сделка активна

If you entered my sell limit as advertised you experienced 31 pips of drawdown and are currently up 160 pips we are currently at previous resistance and support. I'll be monitoring the market closely around the open to see what price does. Best case scenario for us is a break and retest of 1.743-1.745 and afterwards 1.72.

5 июл. 2020 г.

Сделка закрыта вручную

Price smashed TP 1 for 200 or so pips, the rejection of the zone price is currently resting on prompted me to go ahead and close this trade out for 420 pips. Hell of a trade and do love that NZD. Happy Trading.