NZD/USD

whats next for this. . . . is there any chance that it will come back or from which point it is expected to fall??

i see resistance at 85900, so i think it must at least hit that area first before downfall.

But then if it break above 85900 it will go up all the way 88400.

Just my analysis.

usd/chf we are at low 8941 and 26 february in 2012 low (8935). I long this pair 8954.

just correlation.

whats ur tp???

Im scalping right now. tp according MA20 H1 8507 (update).

underwater.

What u say where it will go . . . Is that going back to 0.82 or 0.83??

UPDATE according to daily chart MA 50 (836), and MA 200 (818)

Went fully long @ 0,83694. So far so good. But for how long?

EDIT: added small long @ 0,83914.

EDIT 2: NZD$ falling like stone. Of course. SL set @ 0,83700.

EDIT 3: Good looking trade, which was already above +20 pips in profit, hit SL. You must love forex.

Went fully long again. This time @ 0,83692 (similar as before). More successful climb north as before or another meltdown?

EDIT: Glad to see sharp rise, already in hefty profits. Still waiting to see if red candles are waiting behind the corner.

EDIT 2: Profits melting again. Same scenario as before?
@Fx_Genius: technically i see rebound from here - of course it can be just an illusion - i'll try but fail is an option, so i set SL again @ 0,83700.

EDIT 3: Waiting for NZD trade balance today (in 4 hours). Expecting it will push Kiwi higher.

I don't know about longs yet, I could be wrong but I am still letting my short from yesterday @ .85 run, just tightening the TS a bit. I think it could still get near .82.

Edit - Stopped out at .84 for +100 pips. I still think it will drop some more.

Long from 0,83692 (as before mentioned). Let's see if we can go as far as 0,8400. Technical picture still supports plenty more upwards movement. At least by now. Wish there would be no more returns to <0,8380 territory. If it does, SL moved to 0,8374.

EDIT: NZ data is good. I'll let it run and adjust SL @ 0,8378.

EDIT 2: Closed longs @ 0,83989. Demand for NZD shrinked. Further gains blurry. +29,7 pips. Was up for more.

EDIT 3: Painful to watch it rise now after i closed longs. Lesson learned: don't close healthy position only because of low demand. Damn.

Usually don't post these chart as I frequently adjust
:
for instance,
I raise my limit if the trade is small or large, YET GOING MY WAY. - I always let HALF off on the original TP.
then add on dips after letting the original TP getting hit once. ONLY ONCE.
and I lower my stop if my standard RR 1:2 ratio falls into a zone that might be hit.

OH, and once the trade has advanced over 50 pips in my direction I move the sell order or "flatten" to the 50 Pip mark,
this also depends on the weekly and daily.

I just am showing the H1 for use of entry.

In any case here is my live trade taken / reflected on a chart platform that I don't have to paint over all my personal info on.

The target is really 8600. but I am looking to catch a reaction high then get "Stopped out in profit"

Already bouncing more than my chart shows.


All my prior KIWI position trade longs have already been TPd or "stopped out" in profit.

G/L to all! I love this pair...
XT-

PS. I am working on long term charts to explain the reason I take these positions mostly Techs.

H4 we see strong bearish and it will touch 327

after break 832.

Hitting a lil resistance at .8350

still looking to close my short from .8333 I was only about 200 pips off on my analysis

Now locked in profit (with swap covered). TP .827xx

TL ON DAILY CHART