NZDUSD Triple bottom play. - Pending confirmation
Daily triple bottom. *Pending confirmation*
Tradeplan: "IF/THEN"
If price closes @ 0.6238
Then i enter on a pullback to the EMA 50 1H.
1H Already over EMA 50
So a daily close in this area will trigger a 1H EMA entry long.
I use a algorithm to execute the trade for me.
Now i just wait.
Tradeplan: "IF/THEN"
If price closes @ 0.6238
Then i enter on a pullback to the EMA 50 1H.
1H Already over EMA 50
So a daily close in this area will trigger a 1H EMA entry long.
I use a algorithm to execute the trade for me.
Now i just wait.
Trade active:
Executed.
Stop set at 0.6192 ( below recent 4H SR.
Target: 0.6565 - Recent daily SR.
1:3.22 RvR ratio.
Tradeplan now: Add more on any leg going higher.
Entryplan: Touch of 1H EMA 50
(algorithm will execute on touch of the EMA, and place my SL)
Algorithm is semi auto, so i need to activate it when market trends.
-Solution for manual entry is set alerts on EMA 50 1H chart, and manually execute according to plan,when activated, only downside is if the trader is busy with a job or enjoying life.
Stop set at 0.6192 ( below recent 4H SR.
Target: 0.6565 - Recent daily SR.
1:3.22 RvR ratio.
Tradeplan now: Add more on any leg going higher.
Entryplan: Touch of 1H EMA 50
(algorithm will execute on touch of the EMA, and place my SL)
Algorithm is semi auto, so i need to activate it when market trends.
-Solution for manual entry is set alerts on EMA 50 1H chart, and manually execute according to plan,when activated, only downside is if the trader is busy with a job or enjoying life.
Trade closed: stop reached:
Stopped 100% of the position.