Analysis on chart.
Procedure for the spread trade is measuring ADR for each instrument, picking position size based on 1-2% risk and using no stop loss (adjust the smaller ADR's instrument position size based on the larger one's).
The setup is based mostly on the EURNZD chart, but both eurusd and nzdusd look good on the long and short side respectively.
We can then proceed to close one of them or both, based on the price action and unrealized profits.
Good luck,
Ivan.
Procedure for the spread trade is measuring ADR for each instrument, picking position size based on 1-2% risk and using no stop loss (adjust the smaller ADR's instrument position size based on the larger one's).
The setup is based mostly on the EURNZD chart, but both eurusd and nzdusd look good on the long and short side respectively.
We can then proceed to close one of them or both, based on the price action and unrealized profits.
Good luck,
Ivan.
Trade closed: target reached
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🔒Want to dive deeper? Check out my paid services below🔒
linktr.ee/ivanlabrie
linktr.ee/ivanlabrie
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.