GBPNZD H4 chart on the left, 30min chart on the right
H4 CHART
1/ Confirm uptrend i.e. Higher highs and Higher Lows
2/ Wait for price to interact with H4 20EMA
30MIN CHART
3/ Wait for 30min EMAs to align (20EMA above 50EMA)
SETUP
Enter at the M30 20& 50EMA crossover, 600pips stop loss, TP 1 at 1:1, TP at 2:1
Don't forget to risk manage babypips.com/learn/forex/what-is-a-trading-plan
t > bizlus
Note
Best entry is (if) blue (20) and red (50) EMAs cross on the 30M. Happy trading!Trade closed: stop reached
Note
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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.