NZDUSD might reverse soon for at least a nice correction with a higher than 2/1 risk/reward. Potentially it might be result in way more than that 2/1 risk/reward if we see a break of the structure of larger degree. However this pair extended several times so let that be a warning.
Commento
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I like to see a more significant correction (either time or price wise) before selling again. If however price accelerates lower I wait for the next consolidation to add another sell position.
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Looking for a bigger correction (time wise)
Commenti
HaiGo
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Thanks for the update!
LukaszWicinski
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Thank You SIr one more Time :)
Trillionschifer
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Cant tell you how much this pair hurt my acct in the pass week. Its running with sicissors this one.
TimStuyts
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@Trillionschifer, sorry to hear that. I'm moving to another country today but will be updating on a daily bases as of next week. We will spot some nice trades then and might be able to turn the record around. Safe trades!
Trillionschifer
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@TimStuyts, Good luck with the move. Moving to another country is a big move indeed. All the best. And I got a bit bit of the recent 'waterfall' on NU, so I am happy. I made up for the multiple stop outs and paid some change, and is still paying. So all is well. All caught up, there.