We just got the completion of a VALID 2618 TRADE SETUP on FX:NZDJPY with better entry price and lowest risk possible. I've already entered into this short trade at the price labelled on the chart above. The stop loss is placed well above the respected 4 hour trend line. See the chart above for more details.
NOTE: For tomorrow, we have 3 HIGH IMPACT news coming out of US. Unemployment Claims@8:30 AM ; Existing Home Sales @ 10 AM; and Philly Fed Manufacturing Index also @ 10 AM. If target or stop loss is not reached BEFORE the release of these 3 NEWS, then I will MANUALLY exit from this trade.
Please feel free to AGREE or DISAGREE with this idea by leaving a comment below. Hit that thumbs up button (top left corner of this chart) if you like the idea. Thank you everyone for all the SUPPORT that you have given me so far, I truly appreciate it. Good luck everyone :)
UPDATE #6: Hello traders, if anyone didn't move their stop to break even, then your 2nd target has been reached. All positions are now CLOSED for this setup :)
moneymaking
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UPDATE #5: Break even trade has been hit, all positions are now CLOSED for this setup. Good Trade :)
moneymaking
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Correction: I meant break even stop has been hit :)
moneymaking
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UPDATE #4: 1st target of 52 pips have been reached. Stops moved to break even :)
Max_N
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The 1st 2618 also hit 1st target.
Nice work!
moneymaking
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Yeah mate, that's correct. 1st targets of both 2618 trade setups have been hit. In addition to that, we just got our 2nd target, of 59 pips, hit for the 2618 trade setup posted in this comment section. Thank you mate, appreciate it :)
moneymaking
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UPDATE #3: Hello traders, if anyone was able to get involved into the 2nd 2618 trade setup that I mentioned in the 2nd UPDATE, than your 1st target has been reached. Stops can move to break even. But for the 2618 trade setup on the chart above, we haven't reached the 1st target yet :)
moneymaking
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Here's a better image:
moneymaking
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UPDATE #2: Hey guys, we currently have another 2618 trade setup forming on the 60 mins. See the chart below:
moneymaking
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UPDATE #1: Hi everyone, not much happened AFTER the release of the 8:30 AM news. I did close half of my position before the news, But now I'll re-enter into short again, since market is at the entry price level. Good Luck to all :)