Hi everyone! The EURNZD shows a nice bearish momentum and a CHoCH/BOS on the 4-hour time frame. I am looking for a sell entry when it reaches the 71% Fib level and setting the take profit (TP) at the next demand zone area. Please conduct your own analysis before entering any trades
Sell Limit Order:
Sell @ 1.89600 - 100 pips
SL @ 1.90600 - 100 pips
TP1 @ 1.88600 - 100 pips
TP2 @ 1.87600 - 200 pips
TP3 @ 1.86600 - 300 pips
RR 1:3, better to move the SL to BE when the trade hits TP1.
Cheers.
Sell Limit Order:
Sell @ 1.89600 - 100 pips
SL @ 1.90600 - 100 pips
TP1 @ 1.88600 - 100 pips
TP2 @ 1.87600 - 200 pips
TP3 @ 1.86600 - 300 pips
RR 1:3, better to move the SL to BE when the trade hits TP1.
Cheers.
Trade active
Limit order executed
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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.
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.