Better to show you this signal later than never. On daily chart this pair shows an excellent reverse pattern, and in general we see a downtrend. On H1 we see a first reversal wave, thant a correction(2), and we enter the trade on the wave - 3.
Stop loss we put right above the high of wave 2, because if the price reaches that point, than it means that our prediction is wrong and the model is wrong and the trade should be closed.
Potential win/lose ratio is 1:6, but may be closed even earlier at 1:4 which is more than enough.
What do you think about that?
NZDUSD
Stop loss we put right above the high of wave 2, because if the price reaches that point, than it means that our prediction is wrong and the model is wrong and the trade should be closed.
Potential win/lose ratio is 1:6, but may be closed even earlier at 1:4 which is more than enough.
What do you think about that?
NZDUSD