Entry at 1.62024 Stops at 1.59858, just below X and minor support area (see blue rectangle) Target at 1.64251, just below the 38.2 of CD Invalid from 1.68800
Short Setup on EUR/NZD Bearish Engulfing candle on 4H close. If it works out, high Risk to Reward ratio is imminent. Entry - 1.6700 Stop Loss - 1.6830 TP - 1.6447
Short Entry @ 1.61138 Stop Above 1.61397 Target 1 @ 1.60644 Target 2 @ 1.60340
At the moment this is purely a technical trade but I do expect the fundamentals's to lean towards a stronger NZD on tuesday evening. the risk reward makes it very appetising though and worth the small cost to find out if it works
I think short till Wednesday....
Chart: Manual System based on Elliott Waves and Fibonacci. Aqua line is Main Pivot. Status: After 7 days we are still waiting for valid triggers and we have to wait for a new Trend Extreme. Comment: Normally i trade on Metatrader 4, i am trying to convert to TradingView so Signals are only illustrative till i have convertet the templates from Metatrader to...
Chart: Manual System based on Elliott Waves and Fibonacci. Aqua line is Main Pivot. On the daily chart we made around 540 pips profit with second partial target. Now i found a new Traitsetup for the M30 Chart. Lets see if we get a valid trigger for a short signal. Maybe the trend will come to its end and we will take there our third partial target. 95% of your...