OPPORTUNITY FOR BUY NZDUSD
We have these indicators for BUY opportunity:
- Support from a Year low level
- Low volume to continue the current direction
- Reflection from the bottom of the parallel channel
- retest 6 Month low and 3 Month low
We define 3 goals:
TP 1 = 40 pips
TP 2 = 100 pips
TP 3 = 200 pips
SL = -200 pips
Note: As we can see, this is the first opportunity as a reflection from the parallel channel. Due to fundamental news, there may be one more opportunity in another parallel channel. Please consider this in your trades.
- Support from a Year low level
- Low volume to continue the current direction
- Reflection from the bottom of the parallel channel
- retest 6 Month low and 3 Month low
We define 3 goals:
TP 1 = 40 pips
TP 2 = 100 pips
TP 3 = 200 pips
SL = -200 pips
Note: As we can see, this is the first opportunity as a reflection from the parallel channel. Due to fundamental news, there may be one more opportunity in another parallel channel. Please consider this in your trades.
Note
According to our practice if an S/L was reached: we didn't close the first trade, but immediately entered the second trade in the same volume and type as the first trade (0.55712). We were waiting until the first trade with the second trade had the sum of 0 USD (i.e. in 50% of S/L). In this case, we closed both trades with zero loss & profit (0.56712)
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