Commencez
arieg1985

Potential Long Position for NZD/USD_Trade Plan 2017.08.03

Long
Dollar Néo-Zélandais / Dollar Américain (OANDA:NZDUSD)  
arieg1985  
OANDA:NZDUSD   Dollar Néo-Zélandais / Dollar Américain
Trend Analysis Chart Patterns NZDUSD LONG tradeplan swingtrade daytrade uptrend
2
0
trendanalysis chartpattern nzdusd long tradeplan swingtrade daytrade uptrend
snapshot

Legend for price level, trend line, and rectangle:
Dark Gray > Weekly Level
Blue > Daily Level
Red > H4 / H1 Level
Green > M15 / M5 Level
Yellow > M1 Level

D1 and H4 are both show the overall trend is still up with price holding above MA200.
However, currently price pull backs from the high for the last 5 days.

Trade Plan:
If price continue pull back to the confluences of support area around 0.73146 - 0.73451 (Daily Support Area, Fibo Ret 61.8%, MA200) and rejected up, long the market to follow the overall uptrend.
With Stop Loss 45 pips and minimum Target Profit 110 pips, the potential trade offers a minimum 2.44 Reward-to-Risk Ratio.
As an alternative, can utilize a trailing stop once price breaks down MA20-MA50 in M15.
Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.