Long

NZDUSD SHORT

Updated

Here wave 4 has completed and we are looking to enter SHORT for the wave 5
We see a nice wedge breakout that confirms a sell
We will enter at the 50% or 61.8% of the first move of the wave 5

A bat pattern that confirms the sell and the completion of wave 4

divergence at the completion of wave 4 and at the completion of the bat pattern that confirms the sell

this is should look like our entry

entry : 0.72573
tp1 : 0.72320
tp2 : 0.71959
tp3 : 0.71621
a risk reward of 3/1 on tp 2 and +- 5/1 on tp3
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i'm happy to answer any question !

Note

our entry has changed to 0.72538

Note

we didn't enter because we didn't see a rejection of the fibo line i will look for another place to enter nzdusd

Note

price is currently rejecting the 50% of the bigger trend if i see an inverted hammer or a candle signal i will wait until the next candle breaks the low of the signal candle then enter

Note

we won't be looking for an entry anymore because i didn't hesitate on the fib % no trade was taken here

dubaere

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