4-hr chart
EMA Strategy: GBPNZD
Long
Trade Entered @ 9:00 PM Wednesday 26/12/2018
Checklist for Long:
1. Retest @ EMA (25, close) -
2. EMA (25, close) holds as support -
3. Last Candlestick longer than the previous -
4. Reversal Candlestick Pattern -
5. Long Lower Shadow, Short Upper Body
Risk
- Holidays, so charts might behave funky
Note
- Move SL to breakeven once trade is 50pips in profit
EMA Strategy: GBPNZD
Long
Trade Entered @ 9:00 PM Wednesday 26/12/2018
Checklist for Long:
1. Retest @ EMA (25, close) -
2. EMA (25, close) holds as support -
3. Last Candlestick longer than the previous -
4. Reversal Candlestick Pattern -
5. Long Lower Shadow, Short Upper Body
Risk
- Holidays, so charts might behave funky
Note
- Move SL to breakeven once trade is 50pips in profit
Commentaire:
Market not moving as smooth as I would like, a lot of long shadows. Currently waiting for price to breakout of that zone. Set SL to breakeven or take profits if you would like to ease some risk.
Should be a risk free trade.
Hence Trade successful.
Market not moving as smooth as I would like, a lot of long shadows. Currently waiting for price to breakout of that zone. Set SL to breakeven or take profits if you would like to ease some risk.
Should be a risk free trade.
Hence Trade successful.
Commentaire:
For those that held the trade, it has now hit TP
For those that exited, there was a point that you could enter after price retested the upper limit of the consolidation zone for a couple of pips.
Trade successful.
For those that exited, there was a point that you could enter after price retested the upper limit of the consolidation zone for a couple of pips.
Trade successful.
This one comes with a higher risk to reward ratio.
Back Test: GBPNZD (5a) 1-hr