Nico.Muselle
看空

NZDUSD - Double Top - Bearish Divergence leading into Cypher ?

FX:NZDUSD   紐元 / 美元
Price is trying to fight a resistance level but seems to have less and less buyers involved, reason why we see the BBP             divergence. RSI diverges in the same way so a downward move is more likely than a move to the upside.

I would enter this opportunity @ market with

SL > 0.6470
TP 1 = 0.6370 ( 0.382 retracement of last move up)
TP 2 = 0.6320 ( 0.618 retracement )
TP 3 = 0.6280 ( 0.786 retracement and Bullish Cypher completion)

Once 0.382 target is reached (and neck line of double top is broken) we might see a 2618 pattern emerge ... where price retraces to the 0.618 of the move down. This offers another opportunity to go short.

The Reward/Risk ratio for this trade is quite favorable with a 2/1 ratio for the first target.
評論: When I saw that the price gapped to the upside, I increased my stop to 2 ATR above the previous high, meaning my stop is @ 0.6485. Position size was also adapted to the new pip amount, what makes that the potential loss remains the same. We will see if price will reverse before that or not.

If not, ... you can't win them all :)
交易結束:達到停損點: Price action decided otherwise ... So looking for the next opportunity :)

hit SL
+1 回覆
Indeed, in the drawing my SL is hit, however, I personally put the SL @ 2*ATR value (30 pips) above the highest high when I saw that we gapped up. My SL is @ 0.6485 and is not hit (yet).
We will see however if price will return, if not ... well at least it was a good try :)
回覆
Hiisham Nico.Muselle
hey
i didn't realized the sl,it's ok we will take another one :)

god bless you
回覆
ZH 繁體中文
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
AR العربية
HE עברית
首頁 股票篩選器 外匯篩選器 加密貨幣篩選器 全球財經日曆 如何運作 圖表功能 網站規則 版主 網站 & 經紀商解決方案 小工具 圖表庫 功能請求 部落格 & 新聞 常見問題 幫助 & 維基 推特
概述 個人檔案設定 帳戶和帳單 我的支援工單 聯絡客服 發表的想法 粉絲 正在關注 私人訊息 在線聊天 登出