I dont really know now... so am closing and taking the +80 which was a good reward for risking 18.
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I dont really know now... so am closing and taking the +80 which was a good reward for risking 18.
I'd call 80 pips a good ST trade
starting to look like theres more for the taking now. if it breaks .6315 I will probably be convinced to continue shorting.
aand I did +50 now
although it seems the Kiwi is tracking the Eur and could of course be dragged up when that continues its climb, my reasoning is that the Kiwi will get punished a lot harder in any corrections.
altho fundamentally the kiwi has some major issues... this upside tick happening now (5:30 am) makes me wonder if we might head back up to 66-67 which would complete some sort of bearish gartley. i.e we are at C now.
+145 :D
Hi All (or anyone);)
Been short the Kiwi for a week now, started selling at .6212
Looking for around .57
Any other views
Cheers
slam
Hi Slam
Looks a bit like a possible H & S (going back to late 2003).
Bit scary for the NZD if this is the case.
Expect a bit more fall and then perhaps a test of the H & S line.
Regards to all
- arco in QLD - blue skies and 23 C
Hi arco
Thanks for the reply.
Stopped out of FOMC bounce.
Still picked up a nice load of pips:)
If H&S plays out, we are back to 71[:0], is that correct?
Was on Sunshine Coast a few weeks back, wish I was still there.
Have a good one
Cheers
Slam
yeh thats what I was thinking when I looked at it, but I didnt have the guts to say it heheh.Quote:
quote:Originally posted by slam
If H&S plays out, we are back to 71[:0], is that correct?