Setup:
It was noted that EURNZD -0.80% could be gaining momentum to hit the 1.73 handle.
Our setup is complemented by the following:
1. Multiple timeframe trend analysis
2. Divergence on H1.
Approach:
Our trade strategy is as follow: We will open two consecutive trades, they will both have the same stop loss but different take profits.
Trade 1:
SL: 1.69268
TP: 1.71801
Trade2:
SL: 1.69268
TP: 1.73634
It should be noted that once TP1 is hit, we will move the stop loss of trade 2 to breakeven.
Risk & Reward:
TP1 - 1:2
TP2 - 1:4
Total Risk:
2% or 170 PIPS
Total Reward:
6% or 517 PIPS
Good Luck :-)
It was noted that EURNZD -0.80% could be gaining momentum to hit the 1.73 handle.
Our setup is complemented by the following:
1. Multiple timeframe trend analysis
2. Divergence on H1.
Approach:
Our trade strategy is as follow: We will open two consecutive trades, they will both have the same stop loss but different take profits.
Trade 1:
SL: 1.69268
TP: 1.71801
Trade2:
SL: 1.69268
TP: 1.73634
It should be noted that once TP1 is hit, we will move the stop loss of trade 2 to breakeven.
Risk & Reward:
TP1 - 1:2
TP2 - 1:4
Total Risk:
2% or 170 PIPS
Total Reward:
6% or 517 PIPS
Good Luck :-)
Trade closed: stop reached
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.
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.