EUR/NZD 4H LONG POSITION SETUP
EURNZD : LONG SETUP
- Waiting for close of bullish conformation candle
- Entering long position @ 22:00 GMT
- Small conformation candle pip value / Great risk to reward due to each pip having a higher value
- Still using 1-2% capital risk
Rules: Long
1. MA40 above MA120
2. Price must cross MA40 from below
3. Test MA40 for support
4. Create bullish 4H candle after test of support
Entry: 1.50950 / Enter Long on close of 4H Bullish candle
SL: 1.50950 Set below Bullish 4H conformation candle
- Waiting for close of bullish conformation candle
- Entering long position @ 22:00 GMT
- Small conformation candle pip value / Great risk to reward due to each pip having a higher value
- Still using 1-2% capital risk
Rules: Long
1. MA40 above MA120
2. Price must cross MA40 from below
3. Test MA40 for support
4. Create bullish 4H candle after test of support
Entry: 1.50950 / Enter Long on close of 4H Bullish candle
SL: 1.50950 Set below Bullish 4H conformation candle
Note
05/02 22:08 (GMT)EUR/NZD Spread has returned back to a respectful gap
Long position opened @ 1.50993
LS placed @ 1.50576
Note
5 pips from SL over night, then reversed. Aiming for London & European market to push this up with good data and technicals
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