lmforex

back testing week 3-7 may

Education
FX:NZDUSD   New Zealand Dollar / U.S. Dollar
1) Identify if you looking for a bearish or bullish market.

1A) Then identify why you think its bearish or bullish. At least 2 reasons.

2) Has price come for a pull back?

2A) if yes then idenify again if we are at a keylevel (trendline, EMA, S/R level) at least two.

3) enter trade with a R:R 1:3.

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1) Bullish

1A) EMA 200 is below EMA 100. Price also hit a support level on 01/04 which was previous resistance on 05/12/18, 29/01/19 and 26/03/19.

2) Yes.

2A) Hit trend line from 01/04, 13/04, 04/05. Also hit a support level from 08/03.

3) TP OF 150+ pips.
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