Ranothil

NZDUSD: Awesome Sell Setup

Short
Ranothil Updated   
FX_IDC:NZDUSD   New Zealand Dollar / U.S. Dollar
NZDUSD. Bulls are exhausted, watch smaller timeframes for shorts. I just entered 1/3 of my target lots short because it could fall from market. However, any spikes in NZDUSD are huuuuge sell opportunities. 6.6 RR.
Comment:
Comment:
60 minutes. trendline resistance. macd divergence. 1.618 sell zone. Huge confluence. s3.amazonaws.com/tra...shots/a/AMsR3cK1.png
Comment:
Nice job guys. If you sold the top like I predicted, watch for break to the downside. We've already had 5 waves in this structure, I am expecting a break. If it breaks, I will be adding since I only shorted 1/3 at the top. If it bounces sell higher highs.
s3.amazonaws.com/tra...shots/a/arZkw58V.png
Comment:
This is very beautiful price action today guys. Very nice double top.
Comment:
We are getting a corrective breakdown instead of impulsive. Some of the other dollar pairs weren't ready to commit (I'm looking at you EURUSD.) So protect your entry and see if we get another down impulse.
s3.amazonaws.com/tra...shots/g/gQGUSGy0.png
Comment:
If you sold the top as recommended, great job!! I'm now short 2/3 on NZDUSD.
Comment:
Hopefully some of you got that great entry. I missed it.
s3.amazonaws.com/tra...shots/e/EDKFik44.png
Comment:
Nice move today from the top. Looking very very good guys great job ;)
Comment:
s3.amazonaws.com/tra...shots/v/VWFNn0ou.png
if you're not in yet, here is a good 5 min entry. 5-0 pattern.
Comment:
very convincing guys, I believe the move has started this time. great job!
Comment:
Nice move today!
Trade closed: stop reached:
Taken out for BE guys. I will post another trade on this pair if we get some confirmation. no more counter trend trading against the dollar near term.

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.