Ok so the NEw York session is in full swing and I took EURNZD buy for this one... have a small profit already. Below are the details of the trade!
ENTRY 1.68910
TP 1.69465 with a chance of rising it to 1.69725.
SL 1.68560
Here we have a contraction leading to a support level, the support levels were tested x3 times in the last 24 hours or so and we are now breakout out of the trendline resistance.
The RR is not excellent, just 1.5 at the first TP which is the 100% of the pattern while if we get signs to target 120% then the RR becomes 2.25 which makes sense... either or the move can happen throughout the day.
While recording this I saw that the DAX completed its contraction which might be the right shoulder of a head and shoulders pattern!
Enjoy!
ENTRY 1.68910
TP 1.69465 with a chance of rising it to 1.69725.
SL 1.68560
Here we have a contraction leading to a support level, the support levels were tested x3 times in the last 24 hours or so and we are now breakout out of the trendline resistance.
The RR is not excellent, just 1.5 at the first TP which is the 100% of the pattern while if we get signs to target 120% then the RR becomes 2.25 which makes sense... either or the move can happen throughout the day.
While recording this I saw that the DAX completed its contraction which might be the right shoulder of a head and shoulders pattern!
Enjoy!
Comment:
LOCKED IN 50% of the positon. SL is 15 pips in profit right now. Im targetting 120% seen on 1H chart (left)
Trade closed manually:
Ok so I just closed out EURNZD its near TP 1 but it helps me reach my session profit %! Just riding DAX Sell now!