Long EURNZD
OK, NZD has been on the nose since the RBNZ signaled that the next move in rates is most likely to be down. Since then, a few banks have called for a May cut. At the time of writing, Westpac joined that chorus
forexlive.com/centralbank/!/westpac-now-calling-for-an-rbnz-rate-cut-at-the-may-meeting-20190403
So, I have coupled this with some more positive sounding Brexit noise (hahaha) and decided to express this view via EURNZD. A note that a few smarter players have tipped me off as to the validity of this trade. 2 ways to play this. Trade 1# take the start of wave 1 below the wedge and use the targets shown on the hourly chart. Or trade #2 (below) use the break of the wedge as wave 1 and use the targets provided to guide you. Blue prices are profit targets and red are stops.
Chart 3 is the overview of the NZD, which I am bearish. It's currently fighting with the big wedge, so might bounce a bit from here, but I can't see it rallying too far
forexlive.com/centralbank/!/westpac-now-calling-for-an-rbnz-rate-cut-at-the-may-meeting-20190403
So, I have coupled this with some more positive sounding Brexit noise (hahaha) and decided to express this view via EURNZD. A note that a few smarter players have tipped me off as to the validity of this trade. 2 ways to play this. Trade 1# take the start of wave 1 below the wedge and use the targets shown on the hourly chart. Or trade #2 (below) use the break of the wedge as wave 1 and use the targets provided to guide you. Blue prices are profit targets and red are stops.
Chart 3 is the overview of the NZD, which I am bearish. It's currently fighting with the big wedge, so might bounce a bit from here, but I can't see it rallying too far
İşlem kapandı: durdurma seviyesi
well, that was unfun. First stop reachedNot
China trade deal announced was bad timing! Thats trading!Not
Note I manually closed this one. Might turn out to be a mistake. I still have half the position and hoping NZD can start to run out of steam at current levelsİşlem elle kapatılmış
I've closed off this position and everything else I currently have. Time or a night off and a fresh rethink tomorrow!
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.