SWING TRADING JOURNAL
NZDUSD have the same movement with AUDUSD, so this is an alternative idea
I will;
SELL NZDUSD somewhere at Green Box (try to sell higher as possible)
SL above RED LINE
Final TP at Blue Box
If something wrong with AUDUSD, you will get loss with NZDUSD, so watch your lot size
Manage this trade with your trading style, maybe you want to;
1. Close your position early (at 1R, 2R or any profit level)
2. Move your SL to break even
3. Scale out
4. Trailing stop
5. Re-entry if bearish structure still valid
6. etc
No Profit Guarantee, Good Luck!
NZDUSD have the same movement with AUDUSD, so this is an alternative idea
I will;
SELL NZDUSD somewhere at Green Box (try to sell higher as possible)
SL above RED LINE
Final TP at Blue Box
If something wrong with AUDUSD, you will get loss with NZDUSD, so watch your lot size
Manage this trade with your trading style, maybe you want to;
1. Close your position early (at 1R, 2R or any profit level)
2. Move your SL to break even
3. Scale out
4. Trailing stop
5. Re-entry if bearish structure still valid
6. etc
No Profit Guarantee, Good Luck!
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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.
Related publications
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.