NZDUSD: An Interesting Dilemma (Potential Bearish Cypher)
Pain free targets on our Kiwi trade from last night however we're now faced with an interesting dilemma as we inch closer to our bearish Cypher Formation completion point at 6793.
In last night's video we looked at a handful of potential opportunities, but took a closer look at NZDUSD. Not only did we have the bullish Gartley Formation, but when doing our top-down analysis we also saw that this could be used as a bigger trend continuation opportunity in predicting a move to the 6850's level.
Now that we have a second advanced pattern formation forming the question is (for those shooting for the TCT move) is do you stick with the original trade? Or do you take the new pattern?
Now before you ask me "What should I do Akil?" Please know that my answer is going to be "What does your plan say?" But I think it'll be interesting to see how the different members of our live room are handling it and should make for some good discussion and insight for those who are looking to create rules for a situation like this.
Akil Stokes
Chief Currency Analyst & Head Trading Coach
TradeEmpowered.com -The Premier Online Trading Education Company
YouTube goo.gl/Afk5sG
Facebook: goo.gl/VTQngr
Twitter: goo.gl/FlH33l
You Can Also Follow Me On Instagram, Periscope & StockTwits AkilStokesRTM
In last night's video we looked at a handful of potential opportunities, but took a closer look at NZDUSD. Not only did we have the bullish Gartley Formation, but when doing our top-down analysis we also saw that this could be used as a bigger trend continuation opportunity in predicting a move to the 6850's level.
Now that we have a second advanced pattern formation forming the question is (for those shooting for the TCT move) is do you stick with the original trade? Or do you take the new pattern?
Now before you ask me "What should I do Akil?" Please know that my answer is going to be "What does your plan say?" But I think it'll be interesting to see how the different members of our live room are handling it and should make for some good discussion and insight for those who are looking to create rules for a situation like this.
Akil Stokes
Chief Currency Analyst & Head Trading Coach
TradeEmpowered.com -The Premier Online Trading Education Company
YouTube goo.gl/Afk5sG
Facebook: goo.gl/VTQngr
Twitter: goo.gl/FlH33l
You Can Also Follow Me On Instagram, Periscope & StockTwits AkilStokesRTM
Trade closed: target reached
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tieronetrading.com/
The Trading Coach Podcast
anchor.fm/thetradingcoachpodcast
Free Trading Computer Buyers/Builders Guide - tradingcomputerbuyersguide.com/optin-629312741738938873920
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.
Coaching, Courses & Community
tieronetrading.com/
The Trading Coach Podcast
anchor.fm/thetradingcoachpodcast
Free Trading Computer Buyers/Builders Guide - tradingcomputerbuyersguide.com/optin-629312741738938873920
tieronetrading.com/
The Trading Coach Podcast
anchor.fm/thetradingcoachpodcast
Free Trading Computer Buyers/Builders Guide - tradingcomputerbuyersguide.com/optin-629312741738938873920
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.