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Hello traders,

NZDUSD is ready for quick long.

In the chart at the 1hr time frame, I can sense a real quick headshot trade.


At 0.69224, the market formed an impulse and brought the trend to the whole way down.

After that action, it executed a perfect downtrend channel correction (shown in the graph).

Due to the unwanted fluctuations, the impulse and correction formed rapidly.

At 0.68424, the chart printed a potential impulse and set a path for a breakout (shown in the graph).

Then, the signals traveled as a sharp slider. (evenly)

Ultimately, it landed at the point 0.69033 and forms a mirror image of the previous pattern.

Although, I m expecting a nice throwback from the previous support (shown in the graph).

It may run sharply to the down and have a throwback to the top.

In case the signals moved sharply towards down means, end the trade at 0.68720.

Wait for the move and decide your trade.

SIGNAL SPECIFICATION:

Pair: NZDUSD

Order: BUY

Pending Entry: 0.68828

Take profit: 0.69060

Stop loss: 0.68720

Risk Vs Reward: 2.18

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4. Risk vs Reward up to 1:7.
Note:
Trade signals would usually have a risk to reward ratio of 1:2.
It means that even 2 out of 4 signals hits their SL marks, the other two would have closed with profit.
This allows you to be good in overall pips profit.
Signals are usually inter-day (Based on the daily candle) therefore, trades would usually have a holding time of an average minimum of 24 hours.
Note: Everything works with Best money management.
Note: Please leave comments for any query.
Disclaimer: This is my trading experience, it is not an invite or recommendation to trade.
Best
Forextamil
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