Get started
Tradingstrategyguides

NZDUSD 4H SMA TRADES

New Zealand Dollar / U.S. Dollar (FX:NZDUSD)  
Tradingstrategyguides Updated   
FX:NZDUSD   New Zealand Dollar / U.S. Dollar
Trend Analysis Chart Patterns 50sma 100sma retestlow tradingstrategyguides NZDUSD forextrading buystop sellstop takeprofit
9
0
trendanalysis chartpattern 50sma 100sma retestlow tradingstrategyguides nzdusd forextrading buystop sellstop takeprofit
Pair is at the bottom above the 50 sma

Price can move up to the 100 sma
Long trade
Buy Stop @ .6800
Long Take Profit @ .6858
You place SL

Price can break below 50 sma
Short trade
Sell Stop @ .6773
Sell Take Profit @ .6691
You place SL
Comment:
Looks like price is headed towards the 100 sma.
Price went about half way and returned to 50 sma and then went up
snapshot
Comment:
You can keep the opriginal TP or adjust it to the current location of the 100 sma.
Comment:
I closed out.
Don't want to risk the gap on Sunday open.
snapshot
Come learn a new trading strategy at tradingstrategyguides.com?utm_source=tradingview

Our free Telegram channel: t.me/TradingStrategyGuides
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.