NZDUSD short based on the following criteria
1. Bearish Shark complete
2. Divergence with the CMI and RSI.
3. Rejection at a pivot in time and price (red horizontal and vertical lines). These are based on Gann’s measurements.
4. The thin grey line below the current price is the 45-degree angle in a Gann Square of 144, this indicates that price is extended beyond natural speed, a reversion lower until another confluence of time and price should be expected.
5. New Moon phase begins in 3 days, we are well within the parameters for a bearish bias and reversal based on that moon phase.
1. Bearish Shark complete
2. Divergence with the CMI and RSI.
3. Rejection at a pivot in time and price (red horizontal and vertical lines). These are based on Gann’s measurements.
4. The thin grey line below the current price is the 45-degree angle in a Gann Square of 144, this indicates that price is extended beyond natural speed, a reversion lower until another confluence of time and price should be expected.
5. New Moon phase begins in 3 days, we are well within the parameters for a bearish bias and reversal based on that moon phase.
Note
+120 pips on NZDUSD short idea, still active, 200 pips more to go, 1/3 position taken as profit.Note
NZDUSD, closed another 1/3rd @ .7188, +151 pipsDisclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.