Trade #7 NZDUSD - Trading an ABC pattern
Here is my attempt on the dollar correction. First I figured out a leading diagonal withing a leading diagonal. I used MACD to identify which were likely to be the 3th Elliott wave. Than a correction may be in play: an ABC pattern
The strategy is to buy at 62% retracement of the 'A' leg.
Happy trading!
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*For now on I'll reveal the money management of my trades. There are two major targets: the first one is at least double of the target two (the farthest). The proportion is 2/1.
The strategy is to buy at 62% retracement of the 'A' leg.
Happy trading!
___________________
*For now on I'll reveal the money management of my trades. There are two major targets: the first one is at least double of the target two (the farthest). The proportion is 2/1.
