TRADING IDEA 1B (NZD USD) FOR NEXT WEEK !!
I will place an agressive buy order with SL and TP1, TP2 and TP3 (0.3 lots) when we have a daily close above 0.64353.
I will inform you about my trade today (maybe I will open my trade today) because I am waiting what the market is doing at this strong RESISTANCE LEVEL.
Latest date I will inform you if I enter the market long is monday morning at 8:00 vienna time.
So first I want to see a daily cose above the strong weekly resistance line at 0.64353 ! But a close above this line is no garantee to go higher.
There can also be a bounce back under the line for forming a better right shoulder because the right shoulder is shallow.
Here we have an opportunty trade short with a potential of 80 - 100 pips forming a better right sholder when we break the daily resistance line at 0.63784.
If we go lower under 0.63458 this can be only a delay in the bullish breakout because the right shoulder is shallow.
After forming the end of the right shoulder there will be a push up to the neckline I think. The potential to go higher in pips is 250 pips.
PLEASE NOTICE I AM DAY TRADER AND SCALPER AND NOT A LONG TERM TRADER !!!! SO I WANT TO MAKE ONLY QUICK PROFIT IN MY TRADING STRATEGIES !!!
P.S. Maybe I will also post the Elloitt Wave Chart for the NZD USD TODAY !!
I will inform you about my trade today (maybe I will open my trade today) because I am waiting what the market is doing at this strong RESISTANCE LEVEL.
Latest date I will inform you if I enter the market long is monday morning at 8:00 vienna time.
So first I want to see a daily cose above the strong weekly resistance line at 0.64353 ! But a close above this line is no garantee to go higher.
There can also be a bounce back under the line for forming a better right shoulder because the right shoulder is shallow.
Here we have an opportunty trade short with a potential of 80 - 100 pips forming a better right sholder when we break the daily resistance line at 0.63784.
If we go lower under 0.63458 this can be only a delay in the bullish breakout because the right shoulder is shallow.
After forming the end of the right shoulder there will be a push up to the neckline I think. The potential to go higher in pips is 250 pips.
PLEASE NOTICE I AM DAY TRADER AND SCALPER AND NOT A LONG TERM TRADER !!!! SO I WANT TO MAKE ONLY QUICK PROFIT IN MY TRADING STRATEGIES !!!
P.S. Maybe I will also post the Elloitt Wave Chart for the NZD USD TODAY !!