Hi again FollowMyForex fans,
Our trend following system just gave us a signal to go short on the NZDUSD. After more than a month of no trading, we suddenly get 3 signals in 3 days, it just keeps pouring in!
We actually had to weight up the risks and choose between multiple signals. Factors we take into consideration was:
* Economic calendar
* Day of the week
* Risk-reward
This trade has a very nice 2.8-to-1 reward ratio.
Update to follow, trade safe!
Our trend following system just gave us a signal to go short on the NZDUSD. After more than a month of no trading, we suddenly get 3 signals in 3 days, it just keeps pouring in!
We actually had to weight up the risks and choose between multiple signals. Factors we take into consideration was:
* Economic calendar
* Day of the week
* Risk-reward
This trade has a very nice 2.8-to-1 reward ratio.
Update to follow, trade safe!
Note
After the week open and the current ranging conditions, we have moved our second target up to: 0.6250.We advice everyone following this trade to do the same.
Trade safe!
Trade closed: target reached
All targets 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.