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bizlus

GBPNZD EMA crossover LONG Trade? 120 pips

Long
British Pound / New Zealand Dollar (FX:GBPNZD)  
bizlus Updated   
FX:GBPNZD   British Pound / New Zealand Dollar
Support and Resistance Moving Averages Elliott Wave bizlus elliotwaveanalysis exponentialmovingaverages exponentialma 20ema-pullback
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supportandresistance movingaverage elliottwaves bizlus elliotwaveanalysis exponentialmovingaverages exponentialma 20ema-pullback

GBPNZD H4 chart on the left, 30min chart on the right

H4 CHART
1/ Confirm uptrend i.e. Higher highs and Higher Lows
2/ Wait for price to interact with H4 20EMA

30MIN CHART
3/ Wait for 30min EMAs to align (20EMA above 50EMA)

SETUP
Enter at the M30 20& 50EMA crossover, 600pips stop loss, TP 1 at 1:1, TP at 2:1

Don't forget to risk manage www.babypips.com/lea...at-is-a-trading-plan

t > @bizlus
Comment:
Best entry is (if) blue (20) and red (50) EMAs cross on the 30M. Happy trading!
Trade closed: stop reached
Comment:
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