Sorry if the chart is a little bit vague, please do not hesitate to ask any question you may have. I believe during this week, we would heat target 2. Please set your TP and SL for target one for now and I will update once we got closer.
Cheers, Masih
Komen
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Please note that because of US bank holiday, the liquidity in the market is low and the reason for these long shadows/candles is that, I still think it would be a short trend however it might play a little bit and get close to our stop lost. What I did for my own trade is that I increase my stop lost and setting an alarm to get notified if the trend changed.
Please always remember this, no matter how confident you are in your prediction, always enter with a logical risk level ! for me logical risk level is one that has less than 2% of my margin.
Cheers.
Dagangan aktif
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With ending to the Closed US market and Opening the Sydney market, I believe that our trend is back and we will reach our target 2 by the end of the week.
Go short guys
Cheers,
Dagangan aktif
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I am hopeful that we will hit target one in today's London's time.
Komen
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This rally that happened is because of Australia news, I think after NFP get outs, the trend going to be the same ... ( couple of minutes from now )
Komen
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Little bit more patience and I believe it is going to drop heavily !
As I said, when I saw the change of trend in 30 minutes and the low liquidity I increased my SL !
ErfanParvini
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The Price index is coming tomorrow as well, not a huge expected improvments, still bearish bias on NZD.
TradeHuntFx
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looks like they are using today to take out stop losses before making the real moves tomorrow
STEVMQ
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I don't believe that there is a "THEM" that try to take the stop losses but you are also right about what is happening. I believe it is because of US bank holiday which decreased the liquidity of trades on US dollars which eventually lead to a "temporary weakness of dollar", this being said I still believe that this is going to be a short trend in the coming week, and this past rally of NZD would even take them downer in the coming week.
STEVMQ
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If you decided to stay on your trade, make sure you are seeing the fundamental side of it ( Thurs and Fri - big events for US dollar ) and I think that is the only thing that can change the trend.