hi guys i am have new trend starting to make nice pips this call it is SWING trade whats means? this call make a lot of pips so think about DONT CLOSE WITH SMALL PROFIT , LETS RUN long nzdjpy entry above 60.30 stoploss 59.90 just 40pips risk oportunity to make more than +200 pips next threads discusse about exit call good luck!
look the market market selloff of nzd and buyoff of jpy next move it is check level of support of NJ in the zone >59.90 if support work then market start to buyoff NJ NJ quote now= 60.27 in my broker *****testing support to LONG******
look NZD guys i am wait best point of entry (big hands are selling NZD to reach support to long) after SELLOFF on NZD market are waiting to BUYOFF of NZD in the moment you see BUYOFF of NZD that it is the best point of entry stay tunned°!!!!!!!!
exactly situation happend with jpy but inverse i am wait to start SELLOFF of jpy stay tuned!!!! :eek:
explanation of posible call usd buyoff last week cad have mix strengh i am think can get nice pips in 4-10 days swing shorting usdcad last week strengh was: 1-jpy 2-usd 3-chf 4-cad 5-aud 6-gbp 7-eur 8-nzd i am think if you see previous post NJ can make some nice Swing but dont happend after last hours selloff of cad i am think big hands are think in make buyoff of cad so usdcad short have sense good luck
first step put hard stoploss i am think in 1.0520 value posible entry point 1.0470-1.0480 the idea is just risk 40-50 pips and try to make more than +200 pips so RRR= rate risk reward is 200/50=4 at least i am love swing trades because have great RRR i am need confirmation of call the confirmation will be when big hands decide make buyoff of cad stay tunned!
about take profit see big picture of usdcad from 07.06 1.0675 down to minimum to 08.05 1.0109 fibo 23,6% can be safe exit 1.0240 from entry point =1.0480-1.0240=+240 pips of profits cool exit if you trace line trend from maximum 05.25 1.0852 my entry point are in the maximum of trendline see picture