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UnknownUnicorn163516
21 oct. 2018 18:54

44SMA still above of 77SMA on Weekly. I do prefer to long it! Long

Euro Fx/New Zealand DollarFXCM

Description

While price stays above of H&S neckline long is reasonable in my opinion.

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Trade fermée manuellement

Dynamics is poor :(

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Trade fermée manuellement

Dynamics is poor :(

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Trade fermée manuellement

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Let's do hope for a best!

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You can see that the price has risen before it touched 0.5 correction level. Good sign for Bulls.

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Dynamics is perfect!

Trade fermée: ordre d’arrêt atteint

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Commentaire

Risk is huge but I try long it again.

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Trade fermée: ordre d’arrêt atteint

Poor dynamics. :(

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Let's do hope for a best!

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Good dynamics. Let's do hope for a best!

Ordre annulé

The dangerous asset. A rigorous risk management is mandatory.
Commentaires
BrijeshKukreja
Agree nobody would now.
I just started following you sometime ago and your assessment came true so far. I am stuck with this trade since 4momths accumulation at 1.72 hoping I can just break even
UnknownUnicorn163516
@BrijeshKukreja, Thank you for you kind words and comments. You could be completely right with your short trade however I prefer to long a pair based on H&S and a fact that price has broken and retested the neckline.
BrijeshKukreja
How confident are you this will go up. What must someone do who is holding shorts!
UnknownUnicorn163516
@BrijeshKukreja, Who could be confident in something in trading - market always has own opinion. If I had shorts than I would wait and see if price will break highs of last weeks.
BrijeshKukreja
What would be the reason for this to keep going up?
NZ numbers are coming good. Not sure why this has been up since 6 months and not going down
UnknownUnicorn163516
@BrijeshKukreja, I base on Technical Analysis only (H&S, Channels, Fibonacci, SMAs and so on). I am not interested in fundamental analysis, rumors, news etc. My point of view that Technical Analysis is all trader needs. Cheers!
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