EURNZD - Double Bottom on Daily - Long

Previously I have shorted this pair from 1.54231 to 1.52103. Made a U-Turn and went long out of the consolidation box @ 1.53115. It broke above an intermediate resistance, I would be adding more on a retrace. (Grey Box on chart)

Note

1st entry out of the consolidation box

Trade active

Second position in @ 1.54532

Trade closed manually

Closed all positions - 2nd position stopped out for 40 pips.
Net total : 52 pips

Note

Will re-enter upon bullish signal

Trade active

Manually entered @ 1.53990 with a buy stop (2 positions)

Trading PLAN

Will add another position at the break and place a buy limit shown on the chart. You can confirm PA on lower TF.

Will move SL of 1st position @ b/e at the break.

Note

Price now at 1.56208

Note

Took profit of 1 position @ 1.56040 from 1.53990 (200 pips)
SL moved to 1.54263

Note

TP 1 hit

Trade closed: target reached

TP1

Positions @ entry
1.53990 closed @ 1.56040 (200 pips)
1.53990 closed @ 1.57558 (350 pips)

-Andrew-

Related publications

EURNZD - Short

by -Andrew-

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.