Nzd.usd

[biology12]

da, cheers for the chart mate, always good getting a visual. which platform do u use, mind i ask?

[biology12]

TL, thanks for the comments always good hearing from more experienced people like you and da,

thanks for your help and also for future questions that i might ask haha,everyone has to start somewhere.

bio

[dumbass]

morning guys , stopped out on shorts -60 pips , looks like there may have been a significant short term bottom at 74.60.

i would be changing bias and trading from the long side , but beware the kiwi is a fickle beast and can swing quickly.

im going to let the dust settle and review over the weekend.

gl

[dumbass]

i have spent a bit of time looking at the last two days action.

im still slightly sceptical that this has been an impulse move higher as action looks more corrective in nature.

there is some heavy fib action around 77.20 , the target that i was certain would get hit did not ( 73.80 )

seems market sentiment has turned bullish so i am going for 1 final short from 77.20 open target 60 pip stop.

[dumbass]

overnight action trailing 60 pip stop , stopped out for + 30 pips

77.20 looks like strong resistance as anticipated .

this is the line in the sand for future trades be it a good place to set stops for shorts or if broken should become strong support.

i have another short on from 77.20 just scouting direction.

[Toulouse - Luzern]

Hi thanks DA,
I was stopped out also last night NZDUSD but a risk offset on long AUDUSD was positive.

[roddy]

Hi DA
i am looking to get short at .7720 or the .7780 which is the 61.8 retrace of the last down move!
i agree that kiwi still in downtrend,well is on the daily no higher highs or higher lows yet only the opposite.
FWIW i would want to see .7960 taken out before i change my bias
cheers
roddy

[dumbass]

Hi roddy , getting close to a short , maybe there already , i personally favour one more wave higher from here

Maybe into mid 78s.

Will review action over next couple of days.

Gl

[Toulouse - Luzern]

Hi DA,

Thks another good call,
are we there yet ... .7856 in last hour
Thks & rgds

[dumbass]

hi , worth a good look here for a short.

some fib action ahead at 79 area should serve as a protective stop

completed pattern and channel line hit.

as this was an extended fifth wave should come down pretty swiftly.

care needs to be taken though as that was quite a powerfull counter trend rally, so a little more confirmation would be good.